How can we get the Newcrest (NCM) dividend?
Can you sell Newcrest shares and still get the $+ dividend or is it only payable if your shares are acquired by Newmont
The Latest Q&A
Answer
Hi Graeme,
Below is the latest release by Newcrest (NCM) who are recommending the takeover by Newmont:
- Newcrest shareholders to receive 0.400 Newmont shares for each Newcrest share held with Newcrest additionally permitted to pay a franked special pre-completion dividend of up to
US$1.10 per share.
Our interpretation of this is that NCM investors will receive the dividend, the amount of which is yet to be confirmed, as the shares convert into Newmont CDI’s.
