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The group is eyeing a payout policy of as much as 45% of normalised profit, from 35% previously
Miner Gold Fields, whose proposed $6.7bn (R103bn) acquisition of Canadian miner Yamana Gold has been poorly received by some investors, says it plans to beef up its dividend policy and will seek a listing in Canada post acquisition.
The miner said on Monday it was looking to increase its dividend payout policy to between 30% and 45% of normalised profit, from 20% to 35% previously, something that would enhance the value of the transaction for shareholders and may win over some critics...
