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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: 126.8 GBX

LSE:APF
Market: LSE
Market Cap: £230.31 m
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Anglo Pacific announce share buy-back programme of up to £5m

Anglo Pacific Group PLC's (LON:APF, TSX:APY) Julian Treger talks to Proactive London after announcing their £5m share buy-back programme. Come to conclusion as a board that 'share price has drifted significantly over the last couple of months and it doesn't reflect the way in which the...

5 days, 10 hours ago

2 min read