Don't expect to see that until 2024.
Nearly 3 billion shares.
20% to 30% of profits may go into dividends.
If the profit is an estimated $4b then anything from $800m to $1.2b will go into dividends then divide that by nearly 3 billion shares
and you'll get an idea what the dividend might be.
FMG does one of the better dividends with up to 80% of profits into dividends.
As soon as they start doing beefy dividends down the track then the share price will go far higher than it is now.
Look at RESMED shares. They started a small dividend and last I looked they were over $30 a share.
Before dividends they were about $20 a share.
Dividends will see the stock climb far higher than it is now.
Inside 3 years PLS will be above $20 a share.
Ann: December 2022 HY Financial Report Advisory, page-14
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |