Who would have thought3 Jun 2019 15:56
Anglo Asian Mining: a future cash cow for income seekers?
Thu 9:25am by Jack Brumby
Investing in equities can be a rocky ride for retail investors, but a solid track record of dividend payments is one way a listed company might look to share price volatility. If a dividend becomes unsustainable and gets cut, however, shareholders can suffer a reduction in income and a knock to the share price.
Take Basic Materials company Anglo Asian Mining (LON:AAZ), which pays a rolling dividend yield of 5.72%. The Company together with its subsidiaries is involved in the exploration and development of gold and copper projects in the Republic of Azerbaijan.
Business looks to be improving for the miner, which reported a 26% increase in revenue and an 18% increase in net income to $16.3m for the year to 31 December 2018. If this performance continues, perhaps further increases in its dividend payment might be expected?