Africa Oil Corp (AOIFF)

[Scarbender307]

The Lundin Mining corporation ($8.98 PS) pays a dividend of .29cents a share. with a EPS of $0.84. I think AOC can approach that number easily in 2022. Why? 1) buybacks, 2) OPEC members increasing production, 3) Reduction of debt, 4) Accelerated E&P and partnering. All of which result in increase in EPS. It might be a stretch of course, but we are looking at $8.00 per share next year if KH can pull this off. That is a 3.5% yield for Lundin Mining which is capitalized with 736 million shares.

Additionally, Lundin also offers a variable performance dividend on
an annual basis in conjunction with its standard dividend. A good model for KH to follow. The payout ratio to cover its dividend is only 36%. Easily covered by earnings.