Dividend Growth Reflects Randgold Resources’s Profitability
Jersey - 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 | Financial Director | Investor & Media Relations |
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
Source: Randgold Resources Ltd. (LSE:RRS, NASDAQ:GOLD, OTC Pink:RGORF, FWB:RGR1)
