Jupiter Mines has declared an interim dividend of A$0.01 following a R142-million dividend from Tshipi é Ntle Manganese Mining, coupled with R80-million in marketing profits from its South African subsidiary.
Tshipi’s dividend declaration of R300-million for the first half of its 2024 financial year marks a robust performance.
Despite a 17% dip in the free-on-board (FOB) manganese price compared to previous periods, Jupiter’s interim dividend exceeds its average, demonstrating resilience.
This dividend, exceeding the company’s stated policy, reflects Tshipi’s resource quality and management prowess, as well as Jupiter’s commitment to shareholder returns throughout the manganese price cycle.
With an interim dividend yield of 6%, Jupiter continues its track record of shareholder value creation, distributing over A$391 million since its listing in April 2018.
Headquartered in Perth, Jupiter Mines holds a 49.9% stake in Tshipi, a significant player in the global manganese market since 2012.
