The group is eyeing a payout policy of as much as 45% of normalised profit, from 35% previously
Miner Gold Fields, whose proposed $6.7bn acquisition of Canadian miner Yamana Gold has been poorly received by some investors, says it plans to beef up its dividend policy and will seek a listing in Canada post acquisition.
The miner said on Monday it was looking to increase its dividend payout policy to between 30% and 45% of normalised profit, from 20% to 35% previously, something that would enhance the value of the transaction for shareholders and may win over some critics...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Fields plans Toronto listing after Yamana dealSouth Africa's Gold Fields on Monday announced plans to seek a listing on the Toronto Stock Exchange (TSX) if its proposed takeover of Canada's Yamana Gold is successful, in a bid to win over investors, some of whom had criticised the deal.
Read more »
Gold Fields boosts dividend policy, seeking post-Yamana listing in TorontoThe group is eyeing a payout policy of as much as 45% of normalised profit, from 35% previously
Read more »
Gold falls on strengthened dollar, threat of big Fed rate hikeThe dollar rose to near a 20-year peak, dimming greenback-priced gold’s appeal
Read more »
Zim to start selling gold coins to tame inflation | CitypressZimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.
Read more »
Gold treads water as rampant dollar suppresses demandWhile bullion prices remain below $1,753/oz it seems a move down to $1,720 is on the cards, analyst says
Read more »