Declaration of Special Cash Dividend $35 million
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| Stock | Venus Metals Corporation Ltd (VMC.ASX) |
|---|---|
| Release Time | 10 Aug 2026, 8:23 a.m. |
| Price Sensitive | Yes |
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Venus Metals Declares Special Cash Dividend
Key Points
- Special cash dividend of $35 million declared
- Dividend at $0.1697 per share, payable on 18 September 2026
- Franked at 80.01% based on company tax rate
Full Summary
Venus Metals Corporation (ASX:VMC) announced a special cash dividend of $35 million to be returned to shareholders, amounting to $0.1697 per fully paid ordinary share. The dividend is payable on 18 September 2026 and will be franked at 80.01%. This dividend is a significant portion of the cash received from the sale of a 1.0% net smelter return royalty on all gold production from the Youanmi Gold Project to Franco-Nevada Australia Pty Ltd. The company continues to pursue opportunities that recognize the value of its diverse portfolio of assets, including its significant holding in Rox Resources Limited and ongoing exploration projects.
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