RE: Sylvania Platinum dividends9 Jan 2023 21:46
Hi SheffieldOwls
I think that the specials have been bonuses based on production levels combined with market conditions - in the RNS for this year it states:
"As with the first Windfall Dividend paid in April 2021, this dividend payment is based on excess cashflow generated from PGM prices achieved above long-term broker consensus prices for these metals for the 2021 calendar year."
So it's effectively not guaranteed. However for me personally, I would be happy for the "standard" divi to be split into two anyway, and a bonus paid on top if applicable. I always feel that one single heavy dividend can skew the demand in the market in the build up to the ex-divi date.