Operating update for the quarter ended 30 september 2019 with additional us disclosure pdf media release. Stock sibanye gold stock price today markets insider. Sibanyes dividend policy is to pay at least 25% to 35% of normalised earnings to shareholders. Nyse and jselisted sibanyestillwater on thursday said it hoped to resume dividend payments in the second half of 2020, if high precious metals. Strategic decisions relating to growth will be directed by the ability of the group to sustain or enhance its dividend strategy and, as a result, growth will be funded from cash flow after dividends or alternative funding options may be considered where appropriate sibanyes dividend policy will remain unchanged at 2535% of normalised earnings. The dividend rate is the portion of a companys profit paid to shareholders, quoted as the dollar amount each share receives dividends per share. Gold one merges west rand assets with sibanye gold for 17%. Find out all the key statistics for sibanye gold limited sgl. Sibanye gold ltd adr sbgln quote the globe and mail. The spinoff was achieved by way of gold fields making a. Sibanye will not give out cash dividends to shareholders.
The board, therefore, considers normalised earnings in determining what value will be distributed to shareholders. Heres why sibanye gold plunged 34% in may the motley fool. We have consistently reiterated our policy of returning cash to shareholders through dividends, and. Sibanye golds operating performance for the second half of the year ended 31 december 20 was significantly better than that of the first half, with production increasing by 18% and allin cost 10% lower. Aug 31, 2016 in trading on wednesday, shares of sibanye gold ltd nyse. In february 2020, sibanye stillwater completed an internal restructuring resulting in sibanye gold limited becoming a subsidiary of the new holding and listed company, sibanye stillwater limited. Sbgl sibanye stillwater ltd dividend history dividend. There is an old latin saying, ex africa semper aliquid novi, that roughly translates as out of africa, there is always something new. Sibanye gold s dividend yield currently sits at 0%, which is inline with the mining gold industrys yield of 0. Sibanye eyes return to dividends in 2020 businesslive. Sgl sibanye gold limited sibanye strategic and operating. Yield is the amount of dividends paid per share, divided by the closing price. We will strive to be a benchmark dividend payer in the sector, he said.
Detailed price information for sibanye gold ltd adr sbgln from the globe and mail including charting and trades. The retained earnings provide funds to finance the firms long term. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of buy. The following slide deck was published by sibanye gold ltd in conjunction with this event. Sibanye gold limited exact name of registrant as specified in its charter republic of south africa jurisdiction of incorporation or organization. The companys trailing twelve month ttm dividend yield calculates the indicated. Dividend policy sibanyestillwaters dividend policy is to return at least 25% to 35% of normalised earnings to shareholders and after due consideration of future requirements the dividend may be increased beyond these levels. Sibanye gold has announced a capitalisation issue instead of a cash dividend for shareholders in the six months to june as it swung to a loss.
Where appropriate the company will also consider returning excess. Gfi today announces the creation of a new south african gold mining company through the proposed unbundling of. Detailed price information for sibanye gold ltd adr sbgln from the globe and. Sibanye suspends cash dividend as net debt hits r22bn miningmx. Sgl said it wont pay an interim dividend for the first time since it began trading in 20 as the biggest producer of south african gold reported a firsthalf loss. For more information regarding to dividend, please check our dividend page. Find the latest dba sibanye stillwater limite sbgl stock quote, history, news and other vital information to help you with your stock trading and investing. Sibanye gold increases its industry leading dividend, underpinned by a solid operating performance html press release. The total dividend of 145 cents per share r1,345 million for the year ended 31 december 2016 represents. Aug 26, 2016 sibanye again demonstrated its commitment to paying an industry leading dividend, declaring an interim dividend of 785 million rand, the company statement said.
Further informationfinancial information dividend policy and dividend distributions 350 b significant changes further informationadditional informationrecent developments. Sibanye gold wont pay dividend for first time as it posts. View realtime stock prices and stock quotes for a full financial overview. The results in the six months through june were affected by a big impairment charge on. Update 2sibanyestillwater turns off dividend tap after. Sibanye ceo neal froneman said at the bmo mining conference in florida in february, sibanye s 5,1% dividend yield based on returns to investors in 2016 was an industryleading figure for global. Sibanye stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal pgm and gold operations and projects. Sibanyestillwater well positioned after operational challenges in 2018 pdf press release. Sibanye gold announced it would pay a 50 cents per share interim dividend representing a 35% increase yearonyear. Find the latest dividend history for sibanye gold ltd sbglf at. Moodys daily credit risk score is a 110 score of a companys credit risk, based on an analysis of the firms balance sheet and inputs from the stock market.
Putting a difficult interim period behind it, world number one platinum miner sibanyestillwater forecast a muchimproved second half to 2019 and a possible return to paying dividends in 2020. We have consistently reiterated our policy of returning cash to shareholders through dividends, and it is pleasing that sibanye gold has managed to do so in its first six months as an. Sibanye gold a proudly south african gold mining company. The growth rate is calculated with least square regression. Sibanyestillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal pgm and gold operations and projects. Sibanye says on track to resume dividends as earnings. Consider our top picks covanta holding corporation. Sibanye gold ceo, neal froneman, dropped a bombshell today saying he would reconsider the firms dividend strategy after the south african government increased the dividend withholding tax to 20% from 15% previously. View daily, weekly or monthly format back to when dba sibanyestillwater limite stock was issued. A firms dividend policy has the effect of dividing its net earnings into two parts.
As of today 20200417, the forward dividend yield % of is 0. Sibanye gold boosts dividend, taking lead from peers. Gold and platinum miner sibanyestillwater said on thursday it could potentially resume dividend payments in the second half of 2020, helping send. Sibanye may resume dividend payments if metals prices hold. The current price per unit of weight and currency will be displayed on the right. Jo, including valuation measures, fiscal year financial statistics, trading record, share statistics and more.
Sibanye initially positioned itself as a dividend play with cash flowing from mature south african gold assets that did not require huge investment, but it has been expanding into platinum and. May 19, 2017 sibanye gold limited completed its stillwater acquisition. Sbgl dropped 35% in premarket trading due to the issuing of rights by the company. The comparative final dividend declared in 2015 was 90 cents per share r916 million. Newmont has a dividend policy that offers unique security to gold investors. Sibanye gold trades on the new york stock exchange nyse under the ticker symbol sbgl. We are the worlds largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold on a gold equivalent basis, as. Jun 08, 2018 the following slide deck was published by sibanye gold ltd in conjunction with this event. Although some investors might be initially drawn to sibanye thanks to its enticing 8. Sibanye gold set to pay r1bnayear minimum dividend to 2028. You must select a currency for gold first, even if you dont enter a value for gold holdings. This is in excess of its stated dividend policy of paying out 25% to 35% of normalised earnings, a metric that removes unusual or onetime influences. This is what it has felt like as we have undergone the dynamic changes that are core to sibanyes activities.
Find the latest sibanye gold limited sbglf stock quote, history, news and other vital information to help you with your stock trading and investing. Sibanye could resume dividends, shares hit threeyear high. If you wish to select a currency other than usd for the silver holdings calculator. View sbgls dividend history, dividend yield, date and payout ratio at marketbeat.
Nyse and jselisted sibanye stillwater on thursday said it hoped to resume dividend payments in the second half of 2020, if high precious metals prices prevail. Gold fields announces spinoff of sibanye gold benzinga. Sibanye operating profit boosted by higher production and gold price, sibanye gold ltd. Aug 21, 20 sibanye gold ordinary shares gold one will have the right to nominate three individuals for election to serve as nonexecutive directors on the sibanye gold board gold ones cash inflow is expected to increase as a result of sibanye golds dividend policy. Sibanye gold ceo neal froneman tells mining weekly onlines martin creamer that the company is set to pay a minimum of r1billion a year as a minimum dividend for the next 14 years. We are the worlds largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold on a goldequivalent basis, as.
Sibanye gold operating and financial report for the six. Sibanye gold sbglf investor presentation slideshow. On february 18, 20, the board of directors of gold fields limited, or gold fields, completed the separation of its whollyowned subsidiary, sibanye gold limited, or sibanye formerly known as gfi mining south africa, or gfimsa, into an independent, publicly traded company, or the spinoff. We do need to think about the 33% increase in the withholding tax. The indicated annual dividend rate and yield, calculated from the latest dividend. Dba sibanyestillwater limite sbgl stock historical.
Discover historical prices for sbgl stock on yahoo finance. The group will return excess cash back to shareholders through the declaration of special dividends where appropriate. Sibanyestillwater is a precious metals mining company, which produces a mix of metals that includes gold and the platinum group metals pgms. This is the site for the company sibanye gold on markets insider. Burnstone gold mine from the previous owner, great basin gold limited great basin gold. Sibanye gold limited sbglf stock price, quote, history. Ticker codes on the jse changed from sgl to ssw and the adrs on the nyse changed from ticker sbgl to sbsw. For credit ratings that are derived exclusively from an existing credit rating of a program, series, categoryclass of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moodys publishes a rating announcement on that series, categoryclass of debt or program as a whole, on the support provider or primary rated. Sibanye gold hits record high as dividend beats estimates. Aug 31, 2017 sibanye gold has announced a capitalisation issue instead of a cash dividend for shareholders in the six months to june as it swung to a loss. Aug 30, 2017 paying a dividend has been a core part of sibanyes strategy since it was spun off from gold fields in 20 to hold a group of south african mines that, while highcost and aging, are proven. Responding to questions about the dividend strategy, froneman said. Although some investors might be initially drawn to sibanye thanks to. Sibanye stillwater is a precious metals mining company, which produces a mix of metals that includes gold and the platinum group metals pgms.1301 899 756 796 469 1446 9 138 442 190 1285 990 765 1427 1375 789 647 1580 1525 1426 1131 73 806 828 1308 245 804 646 444 640 1332