Lithium producer Pilbara Minerals has declared its maiden dividend with more on the horizon after a recent price upgrade in long-term offtake contracts with its big Chinese customers.
Pilbara Minerals will return an interim dividend of 11¢ a share to investors less than three years after its shares were worth not much more than that amount.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
