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Sibanye-Stillwater posts record full-year profit; South Africa unions support strike

Mar. 03, 2022 8:37 AM ETSibanye Stillwater Limited (SBSW)By: Carl Surran, SA News Editor15 Comments

lump of silver or platinum on a stone floor

Oat_Phawat/iStock via Getty Images

Sibanye-Stillwater (NYSE:SBSW) reports a record full-year profit of 33.1B South African rand ($2.23B) for FY 2021, up from 29.3B rand ($1.77B) in 2020, while adjusted EBITDA jumped to 68.6B rand ($4.64B) from 49.4B rand ($3B) a year earlier.

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Comments (15)

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Slade_01 profile picture
From the company web site, the next dividend will be about $0.48 after the withholding tax per ADR depending on the exchange rate at the time and will trade ex-dividend on March 24th.

www.sibanyestillwater.com/... Under FY21.
The language on the website is not clear, but in fact, it's $0.48 before the 20% South African withholding tax, so it's $0.394 after (depending on exchange rate). The $0.096 is recoverable as a foreign tax credit in a US taxable account when you file your US tax return next year. But it is not recoverable if your SBSW ADR is held in an IRA.
Slade_01 profile picture
@charliezap Thanks, I doubt that I will still have it by then, I bought it cheap and have been writing calls against it. Just prior to the Ukraine attack when it was around 17, I wrote 50 $20 Mar 18 calls that have a big chance of getting called with the big swings lately. The premiums I collected since my purchase on 12-1 have been quite a bit more than the dividend so I can't whine too much. And yeah its in a Roth.
@911Slade I also bought many shares in a Roth at around $4. A good decision to balance out the bad ones.
MS51 profile picture
03 Mar. 2022
Here we go again, talk of a strike.
SA telling partial truth, some YES some NO for a strike.
Multiple unions involved. Unresolved at this point.
Well, AMCU and NUM announced they would strike, starting Wednesday.

What % of the work force do these 2 unions represent, any idea?
Its down today though. Why?
FirstFIREWealth_P01135809 profile picture
I really really really really really really really... love this stock
@FirstFIREWealth Do you know the dividend per ADR?
Seems to be some disagreement about this.....
48.68 c per ADR

Go SBSW site and look for earnings presentation page 59. Last page.
Let's gooooo!
The gift that keeps on giving
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