Centamin Raises Dividend 675%

Written by MrStockFox. Posted in Dividends

Today I read the news and my first thought was that this was too good to be true.  Someone messed up somewhere.  But I double checked and triple checked the report and everything seems to line up.  Last fiscal year, Centamin paid out a total dividend of 2.94 cents per share.  This year they have dramatically increased the dividend due to the large cash buildup.  For 2016, they have decided to payout a total of 15.5 cents per share( Proposed final dividend of 13.5 US cents per share + the 2 US cent per share interim dividend last October ).  I own 20,060 shares, so with this raise my annual income has increased by $2306.90 for a total dividend payment in May 2017 of $2708.10.  I still cannot believe my eyes for the numbers that I am typing on this page.  I totally expect that the dividend will go back down next year, but its sure nice to receive the high payout and reward share holders.  This one dividend payout will make up 20% of my total income for the entire year.

http://finance.yahoo.com/news/centamin-plc-results-ended-31-070000851.html

You can view some of my past updates on the company here.

Operational Highlights

  • Production of 551,036 ounces, a 26% increase on 2015 and above the revised guidance range.
  • Cash cost of production of US$513 per ounce, down from US$713 per ounce in 2015 and below the revised guidance range, driven by higher production and reductions in mine production costs, mainly due to lower fuel prices.
  • All-in sustaining costs (AISC) of US$694 per ounce, down from US$885 per ounce in 2015 and below the revised guidance range, due to the factors affecting the cash cost of production.
  • Record processing throughput of 11.6Mt, an increase of 9% on 2015 and above our base case forecast rate of 11Mtpa.
  • Record open pit total material movement (waste plus ore) of 62.2Mt, an increase of 8% on 2015. 
  • Underground ore mined 1.02Mt (down 12% 2015) at a grade of 9.04g/t (up 40% on 2015), achieving a sustained annualised rate above our base case forecast of 1Mt per annum at a grade of at least 6g/t.
  • 2017 guidance of 540,000 ounces of gold at US$580 per ounce cash cost of production and US$790 AISC.
  • A new discovery from exploration in Côte d'Ivoire, with a maiden resource of 0.3Moz at 1.6g/t Indicated and 1.0Moz at 1.3g/t Inferred covering five prospects within a 5km radius area and remaining open at depth and along strike.
  • Evaluation of results from Burkina Faso is ongoing, which will guide further drilling planned for 2017.

Financial Highlights

  • EBITDA US$373 million, up 145% on 2015, due to higher gold prices, increased production and lower costs.
  • Basic earnings per share of 18.61 US cents, up 313% on the prior year. Profit sharing with the Egyptian Mineral Resources Authority ("EMRA") commenced during Q3 2016, with earnings per share (before profit share) of 23.05 US cents, up 411% on the prior year.
  • Centamin remains debt-free and unhedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$428 million at 31 December 2016, up 85% (2015 US$231 million).
  • Proposed final dividend of 13.5 US cents per share; total 2016 dividend payout of 15.5 US cents per share (c.US$178 million).

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.

Weekly Purchases - 1/22/17

Written by MrStockFox. Posted in Weekly Update

This post represents all my purchases since Jan 12th.  

I Bought:

This week I increased my annual income by $165.43.  Here is what I purchased:

Company
Symbol
Company
Name
Shares
Purchased
Dollars
Purchased
Income
 VER VEREIT 1.874 $16  $1.03
 EXR Extra Space Storage 49 $3600  $152.88
 PFE Phizer Inc 9 $290  $11.52

I Sold:

If you wish to view all my completed trades, you can find them located here.
(Sometimes the posting of my sells can be delayed by a couple days to even a couple weeks depending on when I get around to updating the spreadsheet.)

N/A

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.

Ending 2016 with a Bang

Written by MrStockFox. Posted in Dividends

Dividend Income

If you wish to view any of my past monthly updates you can find them here.

One of my 2016 goals was to hit $10,000 in future annual income.  I honestly didn't think I would come close, let alone blow the number out of the water by $708.  I started the year in a good place with $5645 of income and managed to practically double that by adding $5063.  In three years, I have gone from basically zero dollars of dividend income to now earning more than $10,000 in a given year.  for 2017 I have my heart set on hitting $15,000.  At the time of this writing my income is currently at $10,912, so by the end of this year I will have to accumulate $4100 more in future income. (I'll go over this more in my 2017 goals)

Not only did hit my goal for total income, I ended the month of December with $1427.52, breaking the 4 digit market for the first time.  Approx. $900 I totally expected but what I did not expect was around $500 in dividend income paid out by my purchase of GDXJ. I only planned to commit $60,000 for the full year of 2016. Well I blew that out the water by beating it by almost 17%.   I managed to add $12,097.25 for December, ending the year on a high note by adding almost $70,000 in new capital.

Going into the detail, my monthly income was 189% higher than the same month a year ago and up 91% over last quarter.  My portfolio value increased from $271,893 to $288,367. 

Current Stats
  • 12 Month Income = $7984.93
  • Total 12 Month Future Dividends = $10708

Each of the dips on the red curve are months in which I received major dividend cuts.  

Key:

  • Dividend Income by Month
  • 12 Month Moving Average

Key:

  • Historical Income for the past 12 Months
  • Projected Income for the next 12 Months

dividends

Key:

  • 2014 Income
  • 2015 Income
  • 2016 Income

Purchases

Below are all of my purchases for the month of December 2016. 

Company
Symbol
Company
Name
Shares
Purchased
Dollars 
Purchased
Income
PVG Pretium Resources 1180 $8400  
NKE Nike 15 $760 $10.80
UL Unilever 17 $700 $26.52
CMG Chipotle 1 $370  
VER VEREIT 128 $1085 $70.40 
DEO Diageo PLC 10 $1000 $31.46
OAK OakTree Capitol 10 $400 $26 
AMGN Amgen Inc 3 $420 $13.80
BUD Anheuser Busch 25 $2550 $80.75
V Visa 12 $900 $7.92
GILD Gilead Sciences 6 $440  $11.28
OR Osisko Gold 6 $55  
CONE CyrusOne 25 $1070  $38
FCUUF Fission Uranium 3515 $1750  
GDXJ Junior Gold ETF 300 $9300  
EXR Extra Space Storage 28 $2040 $87.36
TEVA TEVA Pharm 60 $2200 $81.60
    TOTAL $33440 $485.89

Monthly Capital Contribution

Below you can view the total dollar contributions made to my Dividend Portfolio since inception along with the 12 month total in red.  Currently my 12 month capital contribution total is coming in at $69,595.  Going forward I would like to contribute at least $50,000 a year to my dividend portfolio and as of the last 12 months I seem to be crushing that number since I am currently closer to $60,000.  In the month of DecemberI added $12,097 in new funds to the portfolio.

dividends

Portfolio Value

dividends

Since I tend to take profits more often than the typical buy and hold dividend investor, my Cost Basis and Portfolio Value ratio are not an accurate reflection of my overall profits within the portfolio. 

Portfolio Weighting

dividends

 

If you wish to view any of my past monthly updates you can find them here.

Thanks for reading.

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.

Weekly Purchases - 1/12/17

Written by MrStockFox. Posted in Weekly Update

This post represents all my purchases since December 30th.  

I Bought:

This week I increased my annual income by $245.70.  Here is what I purchased:

Company
Symbol
Company
Name
Shares
Purchased
Dollars
Purchased
Income
 VER VEREIT 121 $1030  $66.55
 V Visa 1 $81 .66
 VFC V F Corp 20 $1060  $33.60
 CMG Chipotle $2000   
 DOC Physicians Realty Trust 30 $560 $27
 MCO Moody's Corp 10 $950 $15.20
 LOW LOWES Companies 3 $215 $4.20
 HRL Hormel Foods 6 $210 $4.08
 BF/b Brown-Forman Corp 17 $750 $12.41
 STZ Constellation Brands 2 $300  $3.20
 MDT Medtronic  5  $355  $8.60
 GILD Gilead Sciences  12 $1600   $22.56
 AMGN Amgen INC  6  $900  $27.60
 NKE Nike  8  $420  $5.76
 OR Osisko Gold 31 $300 $3.72
 FRFHF FairFax Holdings 1 $480 $10
 WFM WholeFoods Market Inc 1 $30 .56
    TOTAL  $11241  $245.70

I Sold:

If you wish to view all my completed trades, you can find them located here.
(Sometimes the posting of my sells can be delayed by a couple days to even a couple weeks depending on when I get around to updating the spreadsheet.)

$3000 in PVG
$2000 in CVX
$600 in BMY

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.

Chipotle Falling Wedge

Written by MrStockFox. Posted in Trade Ideas

Chipotle could soon see a breakout from this falling wedge pattern.  I have personally been adding to my position over the last couple weeks.  Positive divergences on the weekly chart and negative news doesn't seem to be driving the stock lower anymore.  That is usually a positive sign that the direction of the stock could be changing soon.

Weekly Purchases - 12/30/16

Written by MrStockFox. Posted in Weekly Update

This post represents all my purchases since December 7th.  I sold $20,000 in Ivanhoe Mines and turned around and put most of those into Gold Juniors this month.  

I Bought:

This week I increased my annual income by $388.03.  Here is what I purchased:

Company
Symbol
Company
Name
Shares
Purchased
Dollars
Purchased
Income
 VER VEREIT 128 $1085  $70.40
 NKE Nike Inc 15 $760  $10.80
 UL UNILEVER 17 $700  $24.14
 CMG Chipotle $370   
 OAK OakTree Capital 10 $400  $26.00
 BUD Anheuser Busch 20 $2030  $68.20
 MJN Mead Johnson 5  $360 $8.25 
 GILD Gilead Sciences  6  $440  $11.28
 PVG Pretium Resources  1180  $8500  
 OR Osisko Gold  6 $55   
 GDXJ Jr Gold Stocks 300 $9300  
 FCUUF Fission Uranium 3515 $1800  
 EXR Extra Space Storage 28 $2040  $87.36
 TEVA TEVA Pharm 60 $2200  $81.60
    TOTAL  $30040  $388.03

I Sold:

If you wish to view all my completed trades, you can find them located here.
(Sometimes the posting of my sells can be delayed by a couple days to even a couple weeks depending on when I get around to updating the spreadsheet.)

10,000 shares of IVPAF

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.