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Anglo Pacific Group increases quarterly dividend after reporting 'resilient royalty revenue'

Anglo Pacific Group PLC's (LON:APF) Julian Treger tells Proactive there's so far been a minimal impact from the coronavirus on its royalty portfolio.

Revenue from the Kestrel coal mine benefited from higher coking coal prices and a weaker Australian dollar, in turn increasing the weighted average royalty rate.

The dividend is to be increased by 7.7% to 1.75p per share.

Along with the 4.125p 2019 final dividend recommended, this would provide shareholders with 5.875p of income between now and 14 August 2020.

Quick facts: Anglo Pacific Group PLC

Price: 137.4 GBX

Market: LSE
Market Cap: £243.38 m

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Anglo Pacific Group buys 'significant' stake in Brazilian Nickel Limited

Anglo Pacific Group PLC's (LON:APF) Julian Treger caught up with Proactive's Katie Pilbeam to explain their roughly 2.1% stake in Brazilian Nickel Limited. Treger says this investment is 'not big in dollars terms, but big in terms of significance'. He says Brazilian Nickel 'has the...

2 weeks, 4 days ago

2 min read