Word On The Street - South 32 - No Dividend
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S32 was BHP’s spin-off from a year ago.
If that’s not enough of a deterrent for new investors, then the other discussion point is that while most (all?) brokers are publicly forecasting S32 to pay a dividend, word on the street is no dividend is really expected.
Finally, if you’re looking to take solace in the manganese price well, the fundamental outlook for manganese is just as bad as iron ore with supply growth and muted demand movement – read more about the iron ore, BHP and RIO outlook here.
Christopher is head of equites at Spring Financial Group. Christopher has over 10 years' experience managing equities desks with thousands of retail clients and responsibility for maintaining and servicing retail and wholesale relationships.