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Yield Hits 4%

Endeavour Mining’s Q222 results were better than Edison Group's expectations. Given that Edison’s expectations were close to consensus, it similarly outperformed the consensus. As a result of its strong H122 performance the company increased its interim dividend by 43% to US$100m and increased its minimum FY22 committed dividend by US$50m, from US$150m to US$200m to put the company on a prospective dividend yield of 4.0% with additional shareholder gains available in the form of its share buyback programme. Edison has the present valuation for the company at £29.46 with current prices at £16.60.



GB00BL6K5J42EndeavourUpdate080822_new-1
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