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Miners should bin variable dividends, says Jefferies

Mining companies like Glencore should shun variable dividend policies in favour of offering fixed returns – a shift that would see share prices move higher in the long term, US investment bank Jefferies said on Tuesday.

Miners should bin variable dividends, says Jefferies Miners should bin variable dividends, says Jefferies Miners should bin variable dividends, says Jefferies Miners should bin variable dividends, says Jefferies Miners should bin variable dividends, says Jefferies

Miners such as Glencore should switch to fixed dividend policies, says US investment bank Jefferies

Jefferies said it expected miners to deliver large capital returns over 2021, as high commodity prices and low costs boost cash flow.

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