Goldmoney Launches Gold Linked Dividend Policy

in #gold5 years ago

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Today Goldmoney announced a gold linked dividend policy.

This will provide shareholders with an even greater level of exposure to gold and the potential upside a precious metals investment vehicle.

Read the full release:

https://finance.yahoo.com/news/goldmoney-inc-reports-financial-results-113500691.html

Here is a qoute from the PR by founder\CEO Roy Sebag:

“In this regard, your board has agreed to a dividend policy. The dividend for this first quarter of 2020 is $0.003215 per share. The dividend will be paid on August 27, 2019 to shareholders of record on August 20, 2019.

Going forward, the Company will implement quarterly dividends (the “Gold Linked” dividends) which will be “Linked” to a benchmark price of gold set at US$1,500 per gold ounce. The aggregate dividend payment during each quarter will rise or fall by the same percent as the percentage change of the average daily closing gold price for the quarter against the Linked price. For example, if the average of the quarter’s daily closing price were US$1,650, which is 10% above the Linked price, the total aggregate cash value of the dividend for the quarter would increase by 10%. Assuming a US dollar gold price of US$1,500 per ounce, the annual dividend payment will be approximately $1 million, representing about a 0.65% yield to our current market cap.”

Of note, Goldmoney on the equity side already has significant exposure to precious metal as highlighted by this metric:

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Now, with the new gold linked divide policy, you get not only a rock solid balance sheet:

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... but lots of upside potential in a rising gold price.

Note that at current share price, the potential growth from new accounts, client transactions, and storage fees as gold ownership becomes more prevalent is not priced in the stock at all.

Goldmoney’s own balance sheet, completely segregated from clients assets has around $30 million of precious metals itself.

With some $15 Trillion in negative interest rates globally, and frightening sovereign debts levels the world has never seen before, gold is an attractive place to be.

Does Goldmoney offer golden growth?

Do your own research here

https://content.goldmoney.com/news/wp-content/uploads/sites/6/2019/08/Goldmoney-IR-Presentation-August-2019.pdf

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The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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