Q: Hi 5i.
Lundin Mining recently dropped its quarterly dividend from $0.09 to $0.0275. I can't seem to find an explanation for this anywhere, though. Do you know what the reason is?
Lundin Mining recently dropped its quarterly dividend from $0.09 to $0.0275. I can't seem to find an explanation for this anywhere, though. Do you know what the reason is?
5i Research Answer:
The dividend was reduced May 7. In its press release, LUN noted it adopted a new policy that will mean more share buybacks over dividends. It expects to return $220M annually to shareholders via buybacks and dividends.