The letter recieved today introducing the DRP stated " .......as well as confirming its maiden dividend as outlined in the company's Prospectus. We know the dividend payout ratio is 65% but the Prospectus also states " Implied forecast dividend yield for CY17 at the Offer Price* 7.65%" . The offer price was $1 so for each dollar invested you would recieve 7.65 cents. Are they saying they will pay the dividend at a 65% pay out ratio and implied yield of 7.65% or are they saying they will just pay out the dividend at 65% of the nett profit. If it is the former then they have met guidance.
Maiden Dividend
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65.0¢ |
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Mkt cap ! $42.45M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 66.5¢ | 65.0¢ | $23.68K | 35.74K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 30000 | 1 |
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