Telamelo,
IMO it would be wiser to budget for a 7c dividend now and then a 6-7c dividend in the next 6 months.
The 10c div is historic and MCP's accounts indicate that unless profit materially increases (and retail conditions are still tough) then 6-7c is more likely.
Ocker et al have some good research about margin compression, falling ROE, etc for MCP that is worth taking into consideration.
I am still glass-half-full for MCP (at these prices) and am not unhappy about a near 10% dividend but have my eyes open to the issues MCP currently faces.
Cheers
John
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Last
32.0¢ |
Change
0.030(10.3%) |
Mkt cap ! $46.06M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 32.0¢ | 29.0¢ | $37.47K | 118.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31971 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 25330 | 1 |
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| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| MCP (ASX) Chart |