Centamin gets love from the FT after quadrupling dividend

Centamin gets love from the FT after quadrupling dividend: Egyptian miner Centamin is getting love from the Financial Times as it promotes company analysis from sister publication Investors Chronicle. Noting that the company has quintupled its full-year dividend, the publication writes that “a payout equivalent to 70 per cent of free cash flow looks improbable if gold stays at USD 1,211, but Centamin’s USD 0.135 final dividend has set the benchmark for cashed-up peers not considering mergers and acquisitions.”