Dividend thoughts...19 Jan 2023 11:33
Morning folks,
What are peoples thoughts on when JLP will start paying a divi?
I've been invested here for a good 10 years at least and seen this company grow into where it is, a few bumps along the way!
We look to be very well placed and have various income streams but I feel we really need to get a meaningful dividend policy in place.
I appreciate we are reinvesting etc to get further growth and opportunities but there comes a point where we have to take that step.
I'm also invested in SLP, which I know is not really comparable as to where the two companies are now, but that's been incredibly lucrative in terms of dividends as well as sp. The were once not too dissimilar back in the day.
Whilst I consider us undervalued as we stand today, some kind on plan for divis would surely help us improve this as we head into what looks to be the next leg up in metals prices.
Surely the BOD can set a target profit that could trigger some kind of payment?
Anyway I just wondered what other people were thinking.
Steelbee