Gold Fields aims to win over shareholders with dividend policy sweetener
The producer says will seek a listing in Canada after the acquisition
11 July 2022 - 08:42
UPDATED 11 July 2022 - 23:08
Gold Fields, one of the largest gold miners in the world, whose proposed $6.7bn (R103bn) acquisition of Canadian miner Yamana Gold has been poorly received by some investors, says it plans to beef up its dividend policy and will seek a listing in Canada after the acquisition.
The miner said on Monday that it was looking to increase its dividend payout policy to between 30% and 45% of normalised profit, from 20% to 35% previously, which would enhance the value of the transaction for shareholders and may win over some critics...
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