The final dividend announced by Jupiter Mines on Wednesday provides shareholders with a good yield at a payout ratio considerably higher than that stated in the company’s dividend policy. The final dividend of the ASX-listed company, which operates the Tshipi Borwa opencast manganese mine in the Kalahari manganese field of the Northern Cape, provides shareholders with a total yield of 14.8% and a payout ratio of almost 92%, which is well above the company’s stated 70% dividend payout-ratio policy.
