Jupiter Mines (ASX:JMS) is a true low-cost producer and strict on capital efficiency as the company has paid AU$0.21 of dividends since listing, according to a Wednesday Euroz Hartleys note
The company declared Friday an interim dividend of AU$0.0075 per share, down from AU$0.01 a year earlier, payable on March 21 to shareholders on record as of March 7.
The note said the company has a long track record of being profitable and paying dividends and it estimates that the company can sustain a dividend per share of AU$0.025 to AU$0.03 per annum following a recent rise in manganese prices.
The firm maintained a buy rating and a price target of AU$0.31.
Price (AUD): $0.16, Change: $+0.0050, Percent Change: +3.23%
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