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Pan African beats with dividend; starts share buy-back

Shareholder value expected to be delivered next year, says Peel Hunt

Tom Hoskyns
Pan African Resources' Barberton complex in South Africa

Pan African Resources' Barberton complex in South Africa

PAF reported a final dividend of USc1.27/sh, implying a payout ratio of 33% and a yield of 5.6%. The divi was 71% higher than forecast by analysts at Peel Hunt. "The coming year looks to be the period...

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