RE: Gold16 Mar 2023 13:15
This dividend was clearly stated in the dividend declaration dated 4/8/22. Priced in and is not a further cut as I think some believe:
‘2022 Dividend Intention
As Centamin continues to deliver on its growth plans, the Board reiterates its intention to recommend a minimum dividend for 2022 of 5 US cents per ordinary share with the potential for increased distribution aligned with the Company's free cash flow generation after growth capital investment. Therefore, this implies a final dividend of approximately 2.5 US cents per share (US$29 million) to be proposed with the final full year results for 2022. The final dividend will be announced with the 2022 Full Year Results in Q1 2023 and remains subject to Board recommendation and shareholder approval.’