Anglo American Platinum releases spectacular results – pays record dividends
Anglo American Platinum’s share price rose by almost 8% on Monday after the company released fantastic results
It is sitting on R57.6 billion in cash and paying out R46.4 billion in dividends
Amplats paid R16.6 billion in taxes
Anglo American Platinum announced on Monday it is paying R46.4 billion in dividends, an all-time record.
The company has net cash reserves of R57.6 billion.
Its share price rose by almost 8% on the day.
The Money Show’s Bruce Whitfield interviewed Natascha Viljoen, CEO at Amplats (scroll up to listen).
We generate value for the broader society… a significant economic contribution of just below R40 billion of which R16.6 billion went straight into the fiscus in terms of taxes and royalties…Natascha Viljoen, CEO - Anglo American Platinum
… 11% dividend yield…Natascha Viljoen, CEO - Anglo American Platinum
We predict a slight [supply] deficit in the near term… We predict prices will remain robust [near term] … We continue to develop markets for our products [long term] …Natascha Viljoen, CEO - Anglo American Platinum
... We have a wage agreement…Natascha Viljoen, CEO - Anglo American Platinum
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