I would like to see NZO establish a dividend return policy. I believe now is the opportune time with a significant revenue stream going forward over the next 10 plus years A dividend rate af around 65% of nett profits should be considered. I believe such a policy will unlock the true value of the company and will promote investment ito the register by more significant corporations. A dividend rate of 65% based on anticipated revenue from their oil and gas fields and a 30% of pike would be in the order of 30+ cents per share and would reflect back into their share price.
The other option of using shareholder funds to pursue overinflated assetts will not provide anywhere near the same benefits to shareholders in the short or longer terms.
Where companies have set a dividend policy it provides certainty to the market and attraction to their stock.
a dividend policy
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.5¢ | $7.879K | 21.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26695 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 142 | 1 |
View Market Depth
| Last trade - 15.33pm 15/11/2024 (20 minute delay) ? |
| ECH (ASX) Chart |