Ann: GrainCorp upgrades FY22 earnings guidance, page-6

  1. 1,307 Posts.
    lightbulb Created with Sketch. 1444
    Mid-point of its FY22 profit forecast is almost $1.50/share. Surely this demands a special dividend?

    Such a bumper year also provides for significant infrastructure spending to support future year profits. If this can be translated into ongoing NPAT of just 60cps, at a 60% payout ratio, GNC would be paying a fully-franked dividend of 36cps = a yield of 5.1% on a SP of $10.

    Still looks cheap.



 
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Last
$7.59
Change
0.020(0.26%)
Mkt cap ! $1.687B
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$7.72 $7.81 $7.56 $7.452M 974.6K

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