Dividend
The Company's dividend policy is to return a minimum of 20% of the gross revenues generated from the Kounrad project to shareholders.
In conjunction with CAML's annual results, the Board proposes a final 2016 dividend of 10.0 pence per Ordinary Share, bringing total dividends declared for the year to 15.5 pence (2015: 12.5 pence). These dividends equate to approximately 31% of the gross revenue for the year and will be payable on 7 June 2017 to shareholders registered on 12 May 2017.
Having raised $60 million at IPO in September 2010, this latest dividend will increase the amount returned to shareholders in dividends and share buy-backs since the listing to $96 million.
