Ann: Quarterly Activities Report, page-13

There is no stipulated dividend payout ratio for this company. They have advised 2c per half (which can be assumed as default level until changed) and, when appropriate, they will look to increase. As you correctly point out whether we see the next step up in divvie next month or we have to wait until their FY result in Feb 2023 that’s the real question. Not sure any LT holder will begrudge holding it at 2c whilst we are in a rampant growth phase which is the clear priority at this point of the companies life cycle..