ASA Gold and Precious Metals said on March 28, 2023 that its board of directors declared a regular
semi-annual dividend of $0.01 per share ($0.02 annualized).
Previously, the company paid $0.01 per share.
Shares must be purchased before the ex-div date of May 5, 2023 to qualify for the dividend.
Shareholders of record as of May 8, 2023
will receive the payment on May 18, 2023.
At the current share price of $15.79 / share,
the stock’s dividend yield is 0.13%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.17%,
the lowest has been 0.08%,
and the highest has been 0.48%.
The standard deviation of yields is 0.10 (n=237).
The current dividend yield is
0.41 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is -0.00.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 69 funds or institutions reporting positions in ASA Gold and Precious Metals.
This is an increase
of
9
owner(s) or 15.00% in the last quarter.
Average portfolio weight of all funds dedicated to ASA is 0.14%,
a decrease
of 21.70%.
Total shares owned by institutions increased
in the last three months by 5.80% to 10,461K shares.
The put/call ratio of ASA is 0.01, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Lazard Asset Management
holds 2,634K shares
representing 13.65% ownership of the company.
In it’s prior filing, the firm reported owning 2,888K shares, representing
a decrease
of 9.65%.
The firm
decreased
its portfolio allocation in ASA by 1.80% over the last quarter.
City Of London Investment Management
holds 1,922K shares
representing 9.96% ownership of the company.
In it’s prior filing, the firm reported owning 1,794K shares, representing
an increase
of 6.67%.
The firm
decreased
its portfolio allocation in ASA by 99.89% over the last quarter.
Wells Fargo
holds 988K shares
representing 5.12% ownership of the company.
In it’s prior filing, the firm reported owning 882K shares, representing
an increase
of 10.73%.
The firm
increased
its portfolio allocation in ASA by 17.82% over the last quarter.
Raymond James & Associates
holds 590K shares
representing 3.06% ownership of the company.
In it’s prior filing, the firm reported owning 472K shares, representing
an increase
of 19.90%.
The firm
increased
its portfolio allocation in ASA by 29.36% over the last quarter.
Uncommon Cents Investing
holds 572K shares
representing 2.96% ownership of the company.
In it’s prior filing, the firm reported owning 575K shares, representing
a decrease
of 0.51%.
The firm
decreased
its portfolio allocation in ASA by 0.38% over the last quarter.
ASA Gold and Precious Metals Background Information
(This description is provided by the company.)
ASA is a non-diversified,closed-end fund that seeks long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects in, or mining of precious metals and minerals. On April 12, 2019, ASA shareholders voted to approve an investment advisory agreement between Merk and ASA.
It is a fundamental policy of ASA that at least 80% of its total assets must be (i) invested in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals, (ii) held as bullion or other direct forms of gold, silver, platinum or other precious minerals, (iii) invested in instruments representing interests in gold, silver, platinum or other precious minerals such as certificates of deposit therefor, and/or (iv) invested in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion.
ASA employs bottom-up fundamental analysis and relies on detailed primary research including meetings with company executives, site visits to key operating assets, and proprietary financial analysis in making its investment decisions.
Investors are encouraged to visit the ASA’s website www.asatld.comfor additional information, including historical and current share prices, news releases, financial statements, tax and supplemental information.
ASA is a “passive foreign investment company” for United States federal income tax purposes. As a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the tax consequences of their investment in the Company’s common shares.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
