Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, including platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants located in the Eastern and Western Limb of the Bushveld Igneous Complex; and various mineral asset development projects, including Volspruit and Northern Limb projects located on the Northern Limb of the Bushveld Igneous Complex located in South Africa. The company was incorporated in 2010 and is based in Hamilton, Bermuda.
Sylvania Platinum Dividend Announcement
• Sylvania Platinum announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-10-31
• Sylvania Platinum annual dividend for 2024 was $0.04
• Sylvania Platinum annual dividend for 2023 was $0.10
• Sylvania Platinum's trailing twelve-month (TTM) dividend yield is 6.58%
• Sylvania Platinum's payout ratio for the trailing twelve months (TTM) is 334.54%
• Sylvania Platinum's dividend growth over the last five years (2018-2023) was 83.98% year
Sylvania Platinum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-31 | $0.01 | quarterly | 2024-12-06 |
2024-05-09 | $0.01 | quarterly | 2024-06-07 |
2024-02-29 | $0.01 | quarterly | 2024-04-05 |
2023-10-26 | $0.06 | quarterly | 2023-12-01 |
2023-03-02 | $0.04 | quarterly | 2023-04-06 |
2022-10-27 | $0.09 | quarterly | 2022-12-02 |
2022-03-03 | $0.03 | quarterly | 2022-04-08 |
2021-10-28 | $0.06 | quarterly | 2021-12-03 |
2021-03-04 | $0.05 | quarterly | 2021-04-09 |
2020-10-29 | $0.02 | quarterly | 2020-12-04 |
2019-10-17 | $0.01 | quarterly | 2019-11-29 |
2018-10-18 | $0.00 | quarterly | 2018-11-30 |
Sylvania Platinum Dividend per year
Sylvania Platinum Dividend growth
Sylvania Platinum Dividend Yield
Sylvania Platinum current trailing twelve-month (TTM) dividend yield is 6.58%. Interested in purchasing Sylvania Platinum stock? Use our calculator to estimate your expected dividend yield:
Sylvania Platinum Financial Ratios
Sylvania Platinum Dividend FAQ
Other factors to consider when evaluating Sylvania Platinum 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: Sylvania Platinum'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, Sylvania Platinum 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, Sylvania Platinum 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 Sylvania Platinum 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: Sylvania Platinum 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, Sylvania Platinum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sylvania Platinum 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 Sylvania Platinum'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 Sylvania Platinum'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.