PLS 2.46% $2.92 pilbara minerals limited

Final divi FY23, page-91

  1. 2,141 Posts.
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    The dividend in broker reports is always the cash amount paid - not the cash amount paid plus the attached imputation credits. The broker may refer to the "gross up" of the dividend for franking credits (which is the figure you call the "full dividend") but the amount in their research when they talk about dividends is the actual amount paid - the same amount the company "declares" when announcing the next dividend. PLS announced an interim dividend of 11c which was paid on 24 March 2023 (not 15c) & they will announce the final divided (if they pay one, & there is no reason they won't) when they have their 2023 results announcement

    As another example, BHP recently declared an interim dividend of 136c, fully franked. The franking credits were thus 58c. Everyone talks about the dividend - 136c - not the grossed up amount of 194c because that (194c) was not the amount declared or paid in cash. Let's now cease this conversation

    This thread is trying to guess the amount of that final divided

    The free cash flow in the March Q was $457m plus (let's guess because we don't know) $800m in the June Q then 30% of those figures is $377m or around 12c per share if the board sticks to its announced cash management policy

    I think it will be closer to 20c or 47% of FCF because they can !!! smile.png
 
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