Dividend delving: which companies are ramping up the pay-outs quickest?
Mining companies dominate the list of blue-chip companies that have ramped up their dividend payments.
Company
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
513 stories · page 6 of 26
Mining companies dominate the list of blue-chip companies that have ramped up their dividend payments.
Peel Hunt upgraded its recommendation from ‘Reduce’ to ‘Hold’
Copper is often said to be the bellwether of the global economy
Major maintenance at Los Pelambres originally planned for the second quarter is under review because of the rise in COVID cases in Chile
Overall, the copper market in 2021 is expected to be in deficit before remaining tightly balanced for the following years as several large projects are completed
Full-year production came out at 733,900 tonnes, down 4.7% on the prior year
JP Morgan Cazenove was one of four 'houses' to update its analysis
Almost a third of companies are yet to meet the 33% target set by the government in 2015
“Renewable power systems are at least five times more copper-intensive than conventional power,” the analysts note
Archive
AEX Gold Inc (LON:AEXG) – Gold mineralised structure extends to depth at Nalunaq in Greenland Alba Mineral Resources (LON:ALBA) – Progress at Clogau not affected by Covid-19 Anglo Asian Mining* (LON:AAZ) - BUY –Earnings update Antofagasta (
Major maintenance work led to a 4.6% quarter-on-quarter reduction in copper production in the third quarter
Copper is considered to be a bellwether for the global economy
“The stock offers little apart from 'clean' copper price exposure making it vulnerable when the copper price consolidates”
The German bank has a "constructive" outlook on copper and highlighted that the copper miner's shares have been incredibly strong, but said its premium price is unjustified
The FTSE 100 miner had made a U-turn back in May and cut its dividend after an increase in the number of coronavirus infections in Chile
A third of the copper miner’s workers were either quarantining or working at home during most of the period
Hardware & electrical equipment
Other firms scheduled for midweek updates include Melrose, Britvic, PayPoint and Eve Sleep
Antofagasta is the London market's go-to copper company
Stress in financial markets is increasingly likely to spark a significant collapse in Asian financial markets and falling Western demand for Chinese and other Asian goods will add further to Asian company woes.
The FTSE 100-listed miner expects production for the whole of 2020 to be at the lower end of its original 725,000-755,000 tonnes guidance