Tribune Resources declares 20cps dividend

Tribune Resources declares 20cps dividend

Tribune Resources (ASX: TBR) has announced the payment of a dividend to shareholders. The Board has resolved to pay a dividend of 20 cents per share, fully franked at the company tax rate of 30%.


Tribune Resources (ASX: TBR) has announced the payment of a dividend to shareholders.

The Board has resolved to pay a dividend of 20 cents per share, fully franked at the company tax rate of 30%. The key dates are as follows:

Ex-dividend Date - 11 October 2019
Record Date - 14 October 2019
Payment Date - 25 October 2019

Managing Director Anton Billis said: “We are pleased to be in a position to reward the loyalty of our shareholders with this dividend payment, which is underpinned by the continuing level of profitability from our gold operations.

“With the gold price above A$2,000 per ounce, our successful production strategy, coupled with low overhead costs means that we are able to return a significant portion of revenue to shareholders.

“There are a number of gold producing companies in Australia, however very few of them have the financial discipline to return that wealth to its rightful owners, the shareholders of the Company.

“I am proud that we can continue to reward our shareholders year on year.”

The declaration of future dividends remains at the discretion of the Board and is subject to maintaining the Company’s primary priorities including meeting all financial commitments of the EKJV and other projects; meeting all overhead, compliance and regulatory costs and the ability to assess new business opportunities

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