It's actually a 40% payout ratio pre-merger according to a recent announcement... obviously not the actual percentage now, but thats a one off. I like it, it's affordable now and it's something that has been a priority once the financials for the company returned to a sustainable point. Debt is still being paid down and I consider the levels to be acceptable based on the current cashflow.
Ann: Dividend Reinvestment Plan Issue Price, page-4
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