dividend sustainable?, page-2

There may be a small decline in earnings in next years earnings due to government budgets, but I can't see alot of the work for DWS drying up. IT is very much in demand in Melbourne and Sydney, so it's not really a worry.

As for the dividend, it's definitely maintainable, given they have no debt and surplus cash.

You'll also notice the MD (Danny Wallis) only draws a salary of $250k, while others have a salary slightly higher... While I don't know this for sure, my guess is that he does this as a majority shareholder, knowing alot of his income will come from the dividends paid - strengthening the argument for a sustainable dividend payout of 90%ish...