Nolan completely agree with your recent post regarding why the divi was well below expectations.
Yes 70% of profit distribution to shareholders was lower than the previous levels of 80% but clearly profits that previously have been distributed to shareholders have been redirected and FFI seems the obvious culprit.
Yes I understand the need to look to the future and many posters seem quite happy with the 86c and of course they are entitled to their view but deep down I think most shareholders were very disappointed.
FMG Feb 2022 Div Guesses, page-173
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