Dividend Growth Reflects Randgold’s Profitability
Jersey, Channel Islands (FSCwire) - Since Randgold Resources declared its
maiden dividend for the 2006 financial year, its dividends have increased by 1 900%, says chief financial officer Graham
Shuttleworth in the company’s 2017 annual report. For 2017, the Randgold board has recommended doubling the previous year’s
$1.00 per share to $2.00.
Shuttleworth says the sustained dividend growth validates the business model and reflects the profitability and
financial strength of the company, which at year end had net cash of more than $700 million and no debt. The company
intends to maintain a net cash position of around $500 million to fund new growth opportunities and any surplus capital will be
returned to shareholders.
RANDGOLD ENQUIRIES:
|
Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288
|
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338
|
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: randgold@dpapr.com
|
Website: www.randgoldresources.com
Click on, or paste the following link into your web browser, to view the announcement in full.
http://www.rns-pdf.londonstockexchange.com/rns/3180J_1-2018-3-28.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
To view the associated document to this release, please click on the following link:
public://news_release_pdf/randgoldb03292018.pdf
To view the original release, please click here
Source: Randgold Resources Limited (LSE:RRS, NASDAQ:GOLD, OTC Pink:RGORF, FWB:RGR1)
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