True, teamsky, but SWM is not going to go broke. Stokes seems to have not worried about the leverage, and only raised at the last minute. It's been a hell of a time for investors in SWM, and a dividend would be a necessity. 12c coming up in dividends between now and April, which is a massive slashing of dividends, but it is some compensation. Had SWM offered no dividend, and with such a massive erosion of capital over a short period of time, they would be flat out raising money from retail holders.
what will dividend yield be?, page-8
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $277.0M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $423.2K | 2.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 61499 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 638175 | 12 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| SWM (ASX) Chart |