Kenmare shareholders to reap first dividend

The Irish mining company Kenmare Resources is set to pay shareholders their first dividend as the company’s cash pile builds up.

Kenmare, which runs a huge titanium mine in Moma, in Mozambique in east Africa, will announce the maiden payment next week. The level of cash returned to investors will grow in the coming years as profits get a boost from increased output from the mine.

Analysts are expecting a modest interim dividend ...