0.02$/share dividendT.SAM is paying out approx 50% of annual net income @ 1250$/oz Gold.
(compare Q2 2014 financial results)
With 10mm $ in cashEq that looks very sustainable. Especially when compared to other small-cap miners. There are only a few that do actually pay a dividend, but when you look at the metrics of:
AMEX: GORO Gold Res. Corp https://www.goldresourcecorp.com/news-releases.php
or
T.MND Mandaley Res. https://www.mandalayresources.com/investor-presentations/
It clearly seems that there would still be some upside for dividends in the future @ 1300$/oz.
But i actually prefere SAM to keep it at the rate announced today and spent some money on exploration and a possible second mine.
chrs
Teatime