Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties, primarily copper in Europe. The company’s principal property is the Proyecto Riotinto project, an open-pit copper mine located in the Andalusia region of Spain. It produces copper concentrates, including silver by-products. The company was formerly known as EMED Mining Public Limited and changed its name to Atalaya Mining Plc in October 2015. Atalaya Mining Plc was incorporated in 2004 and is based in Nicosia, Cyprus
A nice up and coming Copper Miner that seems to have good growth potential and gives exposure to copper prices which many may wish to have for the forthcoming Green revolution.
They have just announced their first dividend payment of about 7% (29p) for the previous 9 months ;
"The board declared an inaugural dividend of 39.5 US cents per ordinary share, or a total of around $54.6m, making for an equivalent of 29p per share.
Atalaya said the dividend was for the nine month period ended 30 September, and represented a yield of about 7.3% based on the current share price.
"The firm said the record date for the dividend would be 5 November, and the shares would become ex-dividend on 4 November, before the inaugural dividend was paid on 1 December in dollars, with an option for shareholders to choose to receive it in sterling or euros.
Atalaya’s board also said that, consistent with its strategy to create and deliver shareholder value, it had approved a Dividend Policy that would make an annual payout of between 30% and 50% of free cash flow generated during the applicable financial year."
Also with regard to an earlier post this share CAN be held in your ISA.