IN recent months, Nevsun Resources (NYSEMKT: NSU) has been widely tipped as the next potential candidate for a merger and acquisition (M&A) in 2015.
The company’s strong cash flow balance sheet, low copper prices, increasing merger opportunities, and its strategic management team provide best condition for Nevsun to become the next M&A opportunity.
Effects of a merger and acquisition would bring along a diversification out of Eritrea with improved future operating cash flow and an increase in the number of new shareholders.
This would set the stage for a higher valuation, according to analyst firm Raymond James.
With Nevsun’s Zinc expansion on schedule for commissioning, a peer leading dividend and underground upside potential at Bisha, the company is set to outperform.
In tradition with being associated as a reliable payer of solid dividends, Nevsun announced today that its Board has declared a quarterly dividend of US$0.04 per common share (US$0.16 per common share annually).
Stefan Ioannou (PhD) wrote, in a Haywood Securities research paper, that Eritrea will emerge as a world-class VMS mining district and that Nevsun offers the best entrance point to this potential with its Bisha mine and a number of other very good targets.
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Nevsun Declares First Quarterly Dividend of 2015
NEVSUN Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) is pleased to advise that its Board of Directors has declared a quarterly cash dividend of US$0.04 per common share (US$0.16 per common share annually). The dividend is payable on April 15, 2015, to shareholders of record as of the close of business on March 31, 2015.
This dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes.