A-Mark Precious Metals (AMRK) will start paying a quarterly dividend of five cents per share.


A-Mark Precious Metals, Inc., a full-service precious metals trading company and an official distributor for all the major sovereign mints, has initiated a cash dividend policy that calls for the payment of a quarterly cash dividend of $0.05 per common share.

The first quarterly cash dividend will be paid on March 20, 2015 to stockholders of record at the close of business on March 12, 2015.

"Our new dividend policy is part of a larger capital allocation strategy," said company chairman, Jeffrey Benjamin. "Our goal is to provide income to current shareholders while attracting new interest in A-Mark's unique business model, which has consistently produced profitable quarters in recent years despite the fluctuations in precious metals."

A-Mark CEO Greg Roberts commented: "The initiation of a dividend reflects the board's confidence in our balance sheet, future cash flows, and commitment to maximizing shareholder value. It also reflects the positive effect our expanded value-added products pipeline and ancillary services has had on our profitability profile."

The declaration of cash dividends in the future is subject to the determination each quarter by the company's board of directors, based on a number of factors. Such factors include the company's financial performance, available cash resources, cash requirements, bank covenants, and alternative uses of cash that the board of directors may conclude would represent an opportunity to generate a greater return on investment for the company. For these reasons, there can be no assurance that dividends in the future will be equal or similar in amount to the amounts described in this press release or that the board of directors will not decide to suspend or discontinue the payment of cash dividends in the future.

Source: A-Mark Precious Metals