Dividend increase South32 Ltd. ADR (SOUHY)

A dividend increase of the mining company South32 Ltd.

Last week South32 published its FY18 Half year financial results. I dove in to these results and I read something I like, yes…. I saw a dividend increase. 🙂

In this post I give the dividend for South32 Ltd ADR (SOUHY). South32 American Depositary Receipts (ADRs), each represent five fully paid ordinary shares in South32.

South32 Ltd ADR announced a 14.06% increase in its dividend. The dividend is raised from $0.32 to $0.365. The dividend pay date is April 5, 2018 to shareholders of record on March 9, 2018 (ex dividend March 8, 2018).




Graham Kerr, South32 CEO, stated:

“We continue to deliver strong returns by maintaining a disciplined and flexible approach to capital management. We resolved to pay US$378M in shareholder dividends, directed US$93M to our buy-back program and announced a further US$250M increase to our capital management program to US$1B, leaving US$540M outstanding. With a net cash balance of US$1.4B, working capital expected to partially unwind and Group volumes expected to increase marginally in the second half, we are well positioned despite a reduction in future Cannington processing rates and metal production.”


Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $0.73 per share, up from $0.64. The dividend yield on current price is 4.05%.

My Vrijheid Fonds consist of 12 shares of SOUHY, so in 2018 my passive income will increase by €0.88 ($1.08). No taxes have to be paid for these dividends.

My projected annual total amount from my shares of SOUHY will be €7.14 after taxes.



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