Aug 19 (Reuters) - Saracen Mineral Holdings Ltd SAR.AX :
* SARACEN MINERAL HOLDINGS LTD - FY UNDERLYING NPAT UP 40% TO A$94.2M
* SARACEN MINERAL HOLDINGS LTD - DECLARES AN INAUGURAL DIVIDEND POLICY TARGETING A PAYOUT EQUAL TO 20-40% OF NPAT
* SARACEN MINERAL - DIVIDEND POLICY SUBJECT TO SARACEN REACHING AND MAINTAINING A MINIMUM CASH BALANCE OF A$150M; POLICY WILL APPLY FROM FY2020