IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia. The company also focuses on investing in lithium mines, as well as holds 100% interest in the downstream processing refinery at Kwinana in Western Australia to produce battery grade lithium hydroxide. In addition, it owns and operates various projects, including Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler projects. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia.
IGO Dividend Announcement
• IGO announced a semi annually dividend of A$0.26 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-09-11
• IGO annual dividend for 2024 was A$0.37
• IGO annual dividend for 2023 was A$0.58
• IGO's trailing twelve-month (TTM) dividend yield is 7.36%
• IGO's payout ratio for the trailing twelve months (TTM) is 19203.57%
• IGO's dividend growth over the last five years (2018-2023) was 81.20% year
• IGO's dividend growth over the last ten years (2013-2023) was 40.18% year
IGO Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-11 | A$0.26 | semi annually | 2024-09-26 |
2024-03-11 | A$0.11 | semi annually | 2024-03-27 |
2023-09-13 | A$0.44 | semi annually | 2023-09-28 |
2023-03-15 | A$0.14 | semi annually | 2023-03-31 |
2022-09-15 | A$0.05 | semi annually | 2022-09-30 |
2022-03-02 | A$0.05 | semi annually | 2022-03-18 |
2021-09-07 | A$0.10 | semi annually | 2021-09-23 |
2020-09-10 | A$0.05 | semi annually | 2020-09-25 |
2020-02-12 | A$0.06 | semi annually | 2020-02-28 |
2019-09-12 | A$0.08 | semi annually | 2019-09-26 |
2019-02-13 | A$0.02 | semi annually | 2019-03-01 |
2018-09-13 | A$0.02 | semi annually | 2018-09-27 |
2018-03-11 | A$0.01 | semi annually | 2018-03-28 |
2017-09-06 | A$0.01 | semi annually | 2017-09-22 |
2017-03-08 | A$0.01 | semi annually | 2017-03-27 |
2016-09-07 | A$0.02 | semi annually | 2016-09-23 |
2015-09-28 | A$0.02 | semi annually | 2015-10-15 |
2015-03-03 | A$0.06 | semi annually | 2015-03-20 |
2014-09-12 | A$0.05 | semi annually | 2014-09-30 |
2014-03-04 | A$0.03 | semi annually | 2014-03-28 |
2013-09-06 | A$0.01 | semi annually | 2013-09-27 |
2013-03-12 | A$0.01 | semi annually | 2013-03-28 |
IGO Dividend per year
IGO Dividend growth
IGO Dividend Yield
IGO current trailing twelve-month (TTM) dividend yield is 7.36%. Interested in purchasing IGO stock? Use our calculator to estimate your expected dividend yield:
IGO Financial Ratios
IGO Dividend FAQ
Other factors to consider when evaluating IGO as a dividend stock include its dividend yield, dividend growth, 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: IGO'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, IGO 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, IGO 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 IGO 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: IGO 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, IGO distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IGO 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 IGO'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 IGO'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.