Lundin will pay dividends for investors

Article Excerpt

LUNDIN GOLD, $8.55, is a buy. The miner (Toronto symbol LUG; TSINetwork Rating: Speculative) (www.lundingold.com; Shares outstanding: 234.7 million; Market cap: $2.0 billion; Dividend yield: 4.7%) now plans to start paying a dividend. That’s a result of its significant cash flow generation. Under this newly established policy, the company anticipates paying two cash dividends per calendar year, following the release of second quarter and year-end results, respectively. Lundin Gold now anticipates declaring and paying an inaugural semi-annual dividend of $0.20 per share after the upcoming announcement of its 2022 second-quarter results. Based on its current share price, the stock will yield a high 4.7%. Lundin Gold is a buy. buy…

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