High-flying rhodium and palladium prices are giving rise to a possible special dividend being paid to the shareholders of cash-flush Sylvania Platinum, the London Aim-quoted company that recovers platinum group metals from chrome tailings. The board of the company, which benefits from sizeable higher-than-usual 12.5% to 13% rhodium average in its prill split, has already recommended a cash dividend of $0.02 (1.6p) a share for payment on December 4, on the back of the company shrugging off the impact of the Covid-19 pandemic to deliver 130%-higher earnings before interest, taxes, depreciation and amortisation of $69.6-million for the 12 months to June 30.
