I agree the div was conservative, but I like conservative, its sustainable. Remember HST were paying big div's right up until they realised they had $300 million in debt and a market cap of $50 mil and looked like going under.
I heard yesterday that in the 1970's CSR were the nations 2nd largest company behind BHP. They are much smaller now, but I like their balance sheet and think if they dip much more they will be a buy for me.
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