Depending on the cash position we see next week it could always be a mix of both. Small dividend with a path for acquisitions. After getting in last year I plan on holding long term so I'd probably prefer to see no dividend for another 6 - 12 months as the cash can be used to acquire and help set the business on a path to growth (where a dividend in the short term may just provide a sugar hit).
Who knows. Maybe KS will need some extra cash after his raid on Boral.
Ann: SWM FY21 Results Announcement Date, page-27
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