Thungela Resources is a South African-based coal mining company that specializes in the extraction and supply of thermal coal for energy generation. Established as a spin-off from Anglo American, Thungela is committed to responsible mining practices and sustainable energy solutions, contributing to both regional development and global energy needs.
• Thungela Resources announced a SemiAnnual dividend of $0.5224 per ordinary share which will be made payable on 2024-04-22. Ex dividend date: 2024-04-18
• Thungela Resources annual dividend for 2023 was $2.75
• Thungela Resources dividend growth for 2022 - 2023 was 101.58%
• Typically, Thungela Resources pays dividends two times
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 18-04-2024 | $ 0.52 | SemiAnnual | 22-04-2024 |
| 21-09-2023 | $ 0.53 | SemiAnnual | 26-09-2023 |
| 20-09-2023 | $ 10.00 | -- | |
| 20-04-2023 | $ 2.22 | SemiAnnual | 09-05-2023 |
| 19-04-2023 | $ 40.00 | -- | |
| 22-09-2022 | $ 3.66 | SemiAnnual | 26-09-2022 |
| 21-09-2022 | $ 3.38 | -- | |
| 05-05-2022 | $ 18.00 | Annual | 09-05-2022 |
| 04-05-2022 | $ 1.13 | -- |
Are you planning on buying Thungela Resources? Calculate your expected dividend yield:
Thungela Resources, a South African mining company, has adopted a prudent dividend policy that reflects the cyclical nature of the coal industry and its commitment to sustainability. The company aims to maintain financial flexibility and ensure long-term value for its shareholders. Thungela’s dividend policy considers factors such as market conditions, capital requirements for growth, and environmental responsibilities. This approach allows the company to balance rewarding shareholders with retaining capital for reinvestment in its operations and the transition to cleaner energy sources. Thungela’s dividend policy underscores its dedication to sustainable mining practices and aligning with the evolving energy landscape while delivering value to its investors.
Other factors to consider when evaluating Thungela Resources as a dividend stock include its dividend yield, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company’s ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Thungela Resources’s board of directors reviews the company’s financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Thungela Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Thungela Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder’s brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Thungela Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction’s tax regulations.
1. Record Date: Thungela Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Thungela Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder’s brokerage account or bank account.
3. Currency: Company-Name declares the currency in which the dividend will be paid. Depending on the shareholder’s location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Thungela Resources’s dividend, it is crucial to analyze the company’s financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company’s future earnings, cash flow projections, and management’s commitment to dividend policies can provide valuable insights.
It is recommended to review Thungela Resources’s financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company’s financial situation.
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