Click Here for Illustrative Dividend Calculator.
In December 2017, Morien approved the implementation of a dividend policy, and announced an inaugural dividend payment of $0.005 per share payable December 27, 2017.
From Q1 2018 to Q1 2020, Morien paid quarterly dividends of $0.0025 per common share.
In Q2 2020, as a result of the Donkin Mine being placed on care and maintenance, Morien made the decision to suspend its quarterly dividend until further notice and stated that when the future of the Donkin Mine is better understood, the Board will re-assess the payment of a dividend.
Dividend Calculator
Cautionary Statement
Morien suspended its quarterly dividend in Q2 2020 as a result of the Donkin Mine being placed on care and maintenance. The Dividend Calculator below is for illustrative purposes only and contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about prospective results, funds, and future development related to the idled Donkin Mine, all of which are subject to change based on numerous market and non-market factors. Morien has included the forward-looking statements and FOFI in order to provide readers with a more complete perspective on Morien’s future value proposition and future dividend potential and such information may not be appropriate for other purposes. Readers are cautioned that the assumptions used in the Dividend Calculator, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI and forward-looking statements.
| Donkin Coal Sale Price (USD $/tonne) |
$85 |
$60 |
|
$150 |
| Est. Transportation & Related Deductions (USD $/tonne) |
($10) |
|
|
|
| Net Coal Price (USD $/tonne) |
$ |
|
|
|
| USD / CAD Exchange Rate |
1.25 |
1.00 |
|
1.50 |
| Net Coal Price (CAD $/tonne) |
$ |
|
|
|
| Donkin Production (mln tonnes/year) |
2.0 |
0.5 |
|
3.00 |
| Royalty @ 2% / 4% (CAD $ mlns) |
$ |
|
|
|
| G&A (CAD $ mlns) |
($0.7) |
|
|
|
| Taxes at 31% (CAD $ mlns) |
($) |
|
|
|
| Net After Tax (CAD $ mlns) |
$ |
|
|
|
| Payout of Free Cash Flow (%) |
% |
50% |
|
90% |
| Total Dividend (CAD $ mlns) |
$ |
|
|
|
| Morien Shares Outstanding (mln) |
52.9 |
|
|
|
|
|
|
|
|
| Estimated Annual Dividend Per Share |
$ |
|
|
|
