Australian gold mining company Resolute Mining has come up with a novel approach to reward its shareholders and quite possibly a world's first.
After unveiling a bumper record profit of AUD $213 Million and re-introducing dividends to shareholders with a 1.7c a share dividend. The company has decided to offer gold bullion as an option instead of collecting cash for their recent dividend.
If shareholders elect to receive their dividends in Gold it will be stored at the Perth Mint on their behalf and can be converted to cash or physical gold bullion at the request of the shareholders .
Shareholders will be offered the option to receive Gold Bullion in lieu of their dividends provided they own 5000 or more shares in the company.
For the full story see:
The Australian - Subscription required
International Business Times
Via Social Icons
Crush The Market Follows:
- Peter Schiff
- Bert Dohmen
- Steve Keen
- Rick Santelli @ CNBC
- Robert Kiyosaki
- Daily Reckoning
I am a private trader and equities investor that loves the trading and investing world, following the markets and everything in between.