Buoyant manganese ore prices and strong demand have enabled Africa-focused Jupiter Mines to announce a 24% dividend yield on its shares in its first year of being listed on the Australian Stock Exchange (ASX).
For its financial year ending February 28, 2019, Jupiter Mines will pay a dividend of A$0.025 ($0.017) per share on May 21, the company announced on Tuesday February 19, days after revealing its 49.9% stake in South Africa's Tshipi ?(C) Ntle manganese asset would deliver 521 million rand ($37 million), net of withholding taxes, as well as around 36...