African Rainbow Minerals dividend payout soars to record level

Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend paid by the company, headed by executive chairperson Patrice Motsepe.