logo-loader
viewJupiter Mines Limited

Jupiter Mines continues to deliver strong returns to shareholders

Since listing, Jupiter has far exceeded its stated 70% payout dividend policy.

manganese
Over the last three years, $300 million has been paid out to shareholders

Jupiter Mines Ltd (ASX:JMS) has announced a final unfranked dividend of 2.5 cents per share for FY2019.

The dividend record date is May 7, 2019 and will be paid on May 21, 2019.

Jupiter chief executive officer Priyank Thapliyal said: “Jupiter continues to deliver healthy returns. The yield on distributions by Jupiter since FY2017 are unprecedented in the mining industry, with the dividend yield for FY2019 being approximately 24%.”

 

Thapliyal added: “Over the last three years, A$300 million has been paid out to shareholders, equating to approximately 50% of Jupiter’s market capitalisation.

“This is very compelling considering Tshipi’s 100 year mine life”.

It is worth noting that since listing, Jupiter has far exceeded its stated 70% payout dividend policy.

Given the quality of its Tshipi managanese mine in South Africa, as demonstrated below, Jupiter aims to be a high dividend paying company throughout the cycle:

• One of the largest manganese exporters globally;
• One of the lowest cost manganese mines;
• Abundant resource for a 100 year life of mine;
• 5 million tonnes per annum load out infrastructure capacity; and
• Well established product.

Quick facts: Jupiter Mines Limited

Price: 0.35 AUD

ASX:JMS
Market: ASX
Market Cap: $685.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Jupiter Mines Limited named herein, including the promotion by the Company of Jupiter Mines Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Jupiter Mines continues to deliver strong investor returns from manganese

Jupiter Mines Ltd (ASX:JMS) chief executive officer and director Priyank Thapliyal tells Proactive Investors that the company is continuing to thrive in a dynamic manganese market, with positive financial returns, strong cash flow and dividends being returned to investors. The CEO also...

on 1/8/19

2 min read