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Anglo Pacific Group increases quarterly dividend after reporting 'resilient royalty revenue'

Anglo Pacific Group PLC's (LON:APF) Julian Treger tells Proactive there's so far been a minimal impact from the coronavirus on its royalty portfolio.

Revenue from the Kestrel coal mine benefited from higher coking coal prices and a weaker Australian dollar, in turn increasing the weighted average royalty rate.

The dividend is to be increased by 7.7% to 1.75p per share.

Along with the 4.125p 2019 final dividend recommended, this would provide shareholders with 5.875p of income between now and 14 August 2020.

Quick facts: Anglo Pacific Group PLC

Price: 108.4 GBX

Market: LSE
Market Cap: £197.03 m

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Anglo Pacific 'well capitalised and focused on growth' ahead of stronger...

Anglo Pacific Group's (LON:APF) Kevin Flynn discusses its interim results to June 2020. He says while they've reported a decrease in revenue it's important to remember that the period was very much impacted by the uncertainty around coronavirus. ''A key highlight for us is that the vast majority...

3 weeks, 6 days ago

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