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Dividend growth reflects Randgold’s profitability
Thursday, March 29, 2018

London, 29 March 2018  -  Since Randgold Resources declared its maiden dividend for the 2006 financial year, its dividends have increased by 1 900%, says chief financial officer Graham Shuttleworth in the company’s 2017 annual report.  For 2017, the Randgold board has recommended doubling the previous year’s $1.00 per share to $2.00.

Shuttleworth says the sustained dividend growth validates the business model and reflects the profitability and financial strength of the company, which at year end had net cash of more than $700 million and no debt.  The company intends to maintain a net cash position of around $500 million to fund new growth opportunities and any surplus capital will be returned to shareholders.


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