Wentworth Resources plc

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We launched our dividend policy in 2019 in response to our strong performance and robust fiscal discipline. Our maiden dividend was declared in September 2019, with the total dividend distributed in 2019 at $3 million. For the year ended 31 December 2020, we are proud to declare an increased distribution of $3.8 million, an increase of 27% year-on-year and a yield of approximately 7%.

Our dividend policy

We increased our dividend distribution in 2020 despite challenging macro circumstances. Our interim dividend in September 2020 was $1.2 million and we declared our final dividend in April 2021 of $1.6 million: a total distribution for 2020 of $3.8 million, subject to approval by shareholders at our 2021 AGM in June.

In a sector that has traditionally underperformed in providing consistent investor returns, our strong performance demonstrates the resilience of our business and commitment to deliver ongoing shareholder returns.

Our reinvestment plan

We are committed to delivering a sustainable and long-term capital return policy. Through strong financial discipline, we undertake robust capital allocation modelling to ensure we maintain an optimal capital structure at all times. We consistently review the appropriate level of dividends we can continue to support to our shareholders for the long term to manage expectations and ensure consistency.

Our dividend history

Amount per shareEx-dividend dateRecord datePayment datePayment date VPS
Interim0.48p10 Sep 202011 Sep 20209 Oct 202023 Oct 2020
Final1.00p24 Jun 202125 Jun 202123 Jul 20216 Aug 2021
Total1.48p

2021 final dividend to be approved by shareholders at AGM on 15 June 2021.

Amount per shareEx-dividend dateRecord datePayment datePayment date VPS
Interim0.45p12 Sep 201913 Sep 201911 Oct 201922 Oct 2019
Final0.90p14 May 202015 May 202012 Jun 202026 Jun 2020
Total1.35p

2019 total distribution in respect of financial year 31 December 2019 of $3 million.