Thungela declares maiden dividend of R18 a share 🔒
Thungela Resources, the SA coal miner that was hived off Anglo American in 2021, will return R2.5bn to shareholders after a declaring a maiden dividend of R18 per share thanks to record high coal prices.
The maiden dividend amounted to 82% of the company's market capitalisation on its first day of listing nine months ago on the JSE...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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