thinksmart24 May 2012 10:27
From the press release it says the final dividend will be paid on 10th August to shareholders on the register at the close of business on 1st June. Bear in mind that the that final dividend for 2011/2012 will be 5.33 US cents. It will be converted into sterling at the rate of exchange on 19th July. If the rate of exchange stays where it is now that is a yield of 11% for this one payment given the current share price. The board have said that in future full year dividends will be 8 US cents per share which would give an annual yield of 16% at 31p per share. These are fantastic returns when you consider what banks and building societies are offering for deposited cash!