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The latest announcement is out from Red Hill Iron Limited ( (AU:RHI) ).
Red Hill Minerals Limited has announced a dividend payment of $0.03 per ordinary share, fully franked at 25%, for the half year ending December 2024. The company has also adopted a new dividend policy targeting semi-annual payments, with 50% of the royalties from the Onslow Iron Project allocated for dividends. This policy aims to balance shareholder returns with funding for exploration and potential value-adding opportunities.
More about Red Hill Iron Limited
Red Hill Minerals Limited operates in the mining industry, focusing on mineral exploration and development. The company is involved in projects such as the Onslow Iron Project, from which it receives royalties.
YTD Price Performance: -20.19%
Average Trading Volume: 19,480
Technical Sentiment Signal: Hold
Current Market Cap: A$210.3M
See more insights into RHI stock on TipRanks’ Stock Analysis page.