CCV 2.27% 22.5¢ cash converters international

Dividend Expectations, page-5

  1. 1,506 Posts.
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    A$12M dividend per annum (2c by 616M shares on issue), which is safe based on the A$70M in cash and A$16M NPAT (75% payout ratio).

    There is upside with the growth in loan book from the Covid lows... Good to see cash going into purchasing back franchises and loan book growth.

    Interesting that DRP is being cancelled, suggests they don't want the additional cash, and also that script is cheap... But unless they announce a buyback or a capital return, unsure what difference this makes...
 
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