Recommended dividend for PAN

[little_milliona]

Is it possible to get a dividend that is worth 5x the price of the share? the price is 83c and the recommended dividend is 0.37p when converted to rands is R4.24

[SimonPB]

unlikely .. it may be 0.37p, not 37p ..

[Harathke]

DPS for PAN in ZAR is around 5.2cps..

[Harathke]

Ooops, mean 4.24c per share.

[striker]

Div. is 42cents a share I believe - almost half of the current price - unbelievaable ! Must be a buy.

[Harathke]

ok, so striker and little millionaire, you both own PAN..? Or at least you striker. :P

[striker]

..bought this morning - the div. alone will put my net cost at 45c a share - has to be the buy of the century.

[Harathke]

Uhm..striker, I'd do your calculations again, if I was you...

[sponono]

Dividend 0.3723/100*11.33=4.21 SA cents right???

[232926]

Hi Simon Can you please clarrify in Rands what the div amount will be? and when would the LDT be. Thank you

[SimonPB]

the date will be on the announcement and the amount in rands is unknown as the exchange rate has probably not been published ..

[#12]

guys, why would a junior mine want to dispose of its cash? Surely it has nice capital projects to invest in?

[232926]

I looked for LDT but couldnt find it? Roughly is it 0.42c a share or are my calcs wrong?

[topgun]

As per the SENS "The board of Directors proposes a final dividend for the year ended 30 June 2010 of GBP5.26 million, which calculated on 1,413,540,711 issued shares currently outstanding, equates to 0.3723p per share, to be approved by shareholders at the forthcoming annual general meeting of the Company." Date not yet known - and yes, 4.206cps at today's exchange rate.