Dividend Policy
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NORBIT – Key information relating to the proposed cash dividend to be paid by NORBIT ASA
Globenewswire· 2026-02-11 13:42
Trondheim, 11 February 2026 In line with the dividend policy, the board of directors has resolved to propose to the annual general meeting of NORBIT ASA that a dividend of NOK 5.00 per share should be paid for the fiscal year 2025. The following key dates for the dividend are proposed by the board of directors: Dividend amount: NOK 5.00 per share Announced currency: NOK Last day including right: 20 May 2026Ex-date: 21 May 2026 Record date: 22 May 2026 Payment date: On or about 3 June 2026Date of approval: ...
Presidio Sets $1.35 Dividend Plan Ahead of EQV Merger
Yahoo Finance· 2026-02-10 12:09
Presidio Investment Holdings has unveiled a fixed dividend framework centered on steady cash returns, reinforcing its pitch to public market investors ahead of its planned merger with EQV Ventures Acquisition Corp. (NYSE: FTW). The Fort Worth–based oil and gas operator said it intends to initiate an annual dividend of $1.35 per share, paid quarterly, once the business combination with EQV closes and the post-merger board grants formal approval. The transaction is scheduled for a shareholder vote on Februa ...
PrairieSky Announces Dividend Increase and 2025 Annual and Fourth Quarter Results
Globenewswire· 2026-02-09 21:01
CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce an increase to its annual dividend policy and its annual and fourth quarter operating and financial results for the period ended December 31, 2025. Annual Highlights Record annual oil royalty production volumes averaged 13,940 barrels per day, a 6% increase over YE 2024(1). Total royalty production averaged 25,855 BOE per day, a 3% increase over YE 2024.Royalty produc ...
Barrick(GOLD) - 2025 Q4 - Earnings Call Transcript
2026-02-05 17:02
Financial Data and Key Metrics Changes - Barrick achieved record financial results in Q4 2025, with revenues increasing by 45% from Q3, driven by higher production and a 21% increase in realized gold prices [10] - Net earnings nearly doubled from the prior quarter, and the company reported record quarterly cash flow, free cash flow, earnings per share, and cash balance [10][11] - For the year, cash flow from operations reached $7.7 billion and free cash flow was $3.9 billion, up 71% and 194% year-over-year, respectively [11][12] - The company ended the year with a net cash position of $2 billion, indicating a strong balance sheet [12] Business Line Data and Key Metrics Changes - Gold production increased by 5% from Q3, with a full-year total of 3.26 million ounces, aligning with guidance [8][23] - Copper production rose by 13% from Q3, driven by higher throughput at Lumwana [8] - The operational review led to a restructuring of business units, enhancing operational efficiency [8] Market Data and Key Metrics Changes - The gold price increased by 21%, contributing to higher margins and cash flow [10][12] - The company anticipates gold production in 2026 to be between 2.9-3.25 million ounces, with a focus on ramping up production at Loulo-Gounkoto [23] Company Strategy and Development Direction - Barrick plans to proceed with an IPO of its North American gold assets, targeting completion by late 2026 to maximize shareholder value [5][26] - The company is focused on safety as its top priority for 2026, following operational achievements overshadowed by fatalities in the previous year [6][7] - The management team has been restructured to enhance operational experience and efficiency [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production guidance for 2026, citing a strong start to the year and improved operational discipline [16][17] - The company is committed to maintaining a focus on high-quality assets and strategic growth, particularly in North America [33][103] Other Important Information - The board has authorized a new dividend policy, increasing the base dividend by 40% to $0.175 per quarter, with a target to pay out 50% of attributable free cash flow [13][14] - The company has successfully resolved disputes in Mali, regaining operational control and ramping up production [21][76] Q&A Session Summary Question: Can you discuss the strategic rationale behind the IPO of NGM and PV? - Management believes a partial IPO will unlock more value than a full separation, as the North American assets are undervalued within Barrick [31][34] Question: What are the intended proceeds from the IPO? - The specifics of the use of proceeds will be determined as part of the preparation work for the IPO [36] Question: Can you provide an update on the Reko Diq financing? - Management is reviewing the security situation in Balochistan before proceeding with financing [40] Question: How has the mine plan review impacted guidance, particularly for Carlin? - The review has led to more realistic production targets based on actual performance, with a focus on achieving consistent delivery [44][46] Question: Is Veladero considered a non-core asset? - Veladero is not non-core and has been one of the top-performing assets in the last year [57] Question: What is the expected recovery rate at PV? - The target recovery rate is 84%, with ongoing efforts to optimize stockpile blending [62][64] Question: Will Barrick sell more gold assets in the future? - The focus remains on high-quality assets, and any dispositions will align with the strategic filter [103]
Presidio Petroleum Announces Dividend Policy and Reinforces Differentiated Producing Oil and Gas Strategy
Globenewswire· 2026-02-05 13:00
Core Viewpoint - Presidio Investment Holdings LLC plans to initiate a dividend of $1.35 per share annually, paid quarterly, as part of its shareholder return strategy following its business combination with EQV Ventures Acquisition Corp [1][3][15]. Group 1: Dividend Strategy - The company aims to provide a clear and repeatable income proposition for public market investors, focusing on producing and acquiring oil and gas assets while maintaining low operating costs and minimal capital expenditures [2][5]. - The initial dividend policy is fixed at $1.35 per share per annum, with expectations for growth primarily through mergers and acquisitions (M&A) rather than increased drilling expenditures [3][4]. Group 2: Business Model Differentiation - Presidio's business model is distinct from traditional high-decline exploration and production (E&P) companies, emphasizing a capital-light approach with minimal reinvestment requirements, allowing for greater cash flow returns to shareholders [5][9]. - The company focuses on disciplined cash flow management and shareholder distributions, with growth driven through M&A rather than drilling [5][10]. Group 3: Acquisition Strategy - Presidio has a defined acquisition backlog targeting cash-flow-positive, long-life producing assets, with potential opportunities valued between $13 billion to $15 billion [6]. - The acquisition strategy is designed to drive dividend accretion while managing leverage to protect dividend sustainability [7][8]. Group 4: Market Positioning - The company positions itself as a 100% PDP-focused platform, emphasizing optimization and free cash flow durability, contrasting with drilling-led E&P companies that require ongoing capital programs [9][10]. - Presidio's investor presentation indicates a potential 13% dividend yield supported by stable, hedged cash flow and low reinvestment requirements, highlighting its differentiated model [10][11].
Barrick Declares Increased Dividend and Announces New Dividend Policy
Globenewswire· 2026-02-05 10:59
Core Viewpoint - Barrick Mining Corporation has declared a significant increase in its dividend for Q4 2025, alongside a new dividend policy aimed at enhancing shareholder returns [1][3]. Dividend Announcement - The company announced a dividend of $0.42 per share for Q4 2025, marking a 140% increase compared to the third quarter [1]. - The dividend will be paid on March 16, 2026, to shareholders of record as of February 27, 2026 [1]. Share Buyback Program - Barrick repurchased approximately 12.11 million shares during Q4 2025 under its share buyback program initiated in February 2025 [2]. - In total, the company repurchased about 51.90 million shares throughout 2025, representing approximately 3.0% of its issued and outstanding shares, for a total cash outlay of $1.5 billion, including $500 million in Q4 [2]. New Dividend Policy - The new dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis, consisting of a fixed base quarterly dividend of $0.175 per share and a performance top-up component at year-end based on the attributable free cash flow [3]. - The actual dividend paid may vary from the 50% target depending on cash flow strength, capital needs, and balance sheet considerations [3]. Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets across 17 countries and five continents [4]. - The company is recognized as the largest gold producer in the United States and aims to create long-term value for stakeholders through responsible mining and strong partnerships [4].
GPGI, Inc. Declares Dividend
Globenewswire· 2026-02-03 13:00
Core Viewpoint - GPGI, Inc. has declared a quarterly cash dividend of $0.0025 per share, amounting to an annual distribution of approximately $2.9 million, while maintaining a focus on debt reduction and strategic acquisitions [1][2]. Group 1: Dividend Announcement - The Board of Directors of GPGI has declared a quarterly cash dividend of $0.0025 per share of Class A common stock [1]. - The total annual distribution from this dividend is approximately $2.9 million [1]. - The dividend will be payable on February 27, 2026, to shareholders of record as of February 13, 2026 [2]. Group 2: Capital Allocation and Strategy - GPGI's capital allocation priorities are centered on paying down debt and pursuing additional accretive acquisitions that align with their investment criteria [2]. - The company is structured to acquire, own, and scale high-quality businesses, benefiting from a permanent capital base [3]. Group 3: Company Overview - GPGI, Inc. is a diversified multi-industry compounder with strong positions in favorable industries [3]. - The company is managed by Resolute Holdings Management, Inc. and includes market leaders CompoSecure and Husky, which have robust financials and growth opportunities [3].
This Mining Stock Was Up 300% in 2025 -- Here's What It Could Mean for Future Dividends
The Motley Fool· 2026-02-03 01:43
Core Viewpoint - Hecla Mining experienced significant financial improvement in 2025 due to rising silver and gold prices, leading to a 290% increase in share price, but the company is unlikely to change its dividend policy despite improved cash flow [1][3]. Group 1: Company Performance - Hecla Mining's primary focus is on silver, which contributed approximately 48% of its revenues in Q3 2025, followed by gold at 37% [2]. - The company's sales increased by 67% year over year in Q3 2025, transitioning from break-even to earnings of $0.15 per share [3]. - The current market capitalization of Hecla Mining is $15 billion, with a gross margin of 33.05% and a dividend yield of 0.07% [5]. Group 2: Dividend Policy - Hecla Mining's current dividend policy is set at $0.015 per share per year, with no expected changes despite improved financial results [5][7]. - Unlike some peers, Hecla's dividend is not tied to commodity prices or financial performance, making it a discretionary decision by the Board of Directors [7]. - Given the recent decline in silver and gold prices, investors should not anticipate a significant increase in dividends from Hecla Mining [9].
Equity LifeStyle Properties(ELS) - 2025 Q4 - Earnings Call Transcript
2026-01-29 17:02
Financial Data and Key Metrics Changes - The company reported a full-year growth in NOI of 4.8% and a 5% increase in normalized FFO per share for 2025 [3][15] - Fourth quarter normalized FFO was $0.79 per share, with full-year normalized FFO at $3.06 per share, reflecting 4.2% and 5% growth respectively compared to the prior year [15][16] - The annual dividend rate was set at $2.17 per share, marking a 5.3% increase and the 22nd consecutive year of annual dividend growth [7] Business Line Data and Key Metrics Changes - The MH business generated over $1 billion in revenue in 2025, with a combined revenue CAGR of 5.9% over the last five years [9] - Core community-based rental income increased by 5.5% for the full year 2025 compared to 2024, driven by rate increases for renewing residents and market rent for new residents [16] - Core RV and marina annual base rental income increased by 4.1% compared to the prior year, while core seasonal and transient rent combined decreased by 9.1% [16][17] Market Data and Key Metrics Changes - Approximately half of the MH revenue comes from Florida, with 20% from California and Arizona, and the rest from North Central and Northeast US [9] - The average occupancy in California properties is 96%, reflecting strong demand in high-cost markets [11] - The company noted that demographic trends, including the aging of baby boomers and Gen X, support demand for its MH and RV offerings [11][12] Company Strategy and Development Direction - The company focuses on internal growth and operational expansions, particularly in the Sunbelt markets, while maintaining a strong balance sheet for potential acquisition opportunities [52][53] - The management emphasized the importance of community engagement and the value proposition of affordable housing in addressing broader housing issues [42][52] - The company plans to continue investing in its communities to support long-term resident retention and growth [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operating environment, anticipating normalized FFO growth of 3.7% for 2026 [6][18] - The company expects core property operating income growth of 5.6% at the midpoint of its guidance range for 2026 [18] - Management highlighted the positive early booking pace for RV and seasonal customers, driven by favorable weather conditions and marketing efforts [93] Other Important Information - The company has no secured debt maturing before 2028, with a debt to EBITDARE ratio of 4.5 times and interest coverage of 5.7 times [21] - The company anticipates approximately $100 million of discretionary capital after meeting obligations for dividend payments and capital expenditures [7][20] Q&A Session Summary Question: What gives confidence that seasonal and transient can accelerate through the balance of the year? - Management indicated that early booking pace is favorable compared to last year, with positive trends observed for major holidays [28][30] Question: What is the expected impact of insurance renewal on expenses? - Management noted that while they expect some increase in expenses, they are pleased with the lack of adverse claims experience in 2025 and anticipate a softening market for insurance [34] Question: What is the outlook for Canadian customers? - Management reported that Canadian customers represent 10% of total RV revenue, with no significant increase in home sales observed, maintaining a strong demand profile [48][50] Question: What is the strategy for the rental home business moving forward? - The company plans to prioritize selling homes but may accept rentals to expose more prospects to future home buying [99] Question: What is causing the decline in campground membership counts? - Management explained that attrition of legacy members paying lower dues is offset by new members paying higher dues, leading to a net decline in counts [117]
Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026
Globenewswire· 2026-01-29 06:15
Core Points - Nokia Corporation's Annual General Meeting is scheduled for April 9, 2026, at Finlandia Hall, Helsinki, Finland, with proposals available on the company's website [1] - Sari Baldauf will step down from the Board of Directors, and the Board proposes to maintain the number of Board members at ten [2] - The Board recommends re-election of current members and the election of Meredith Whittaker as a new member [3] - The Board proposes to keep annual fees for Board members at current levels, with approximately 40% paid in Nokia shares [6][8] - The Board seeks authorization to distribute a maximum of EUR 0.14 per share as dividends [10][11] - Deloitte Oy is proposed for re-election as the auditor and sustainability reporting assurer for the financial year 2027 [13][14] - The Board proposes to authorize the issuance and repurchase of a maximum of 550 million shares [15][18] - Other matters to be addressed include adopting the financial statements for 2025 and granting discharge from liability to Board members [19][20]