With a dividend policy of 50% NPAT, shareholders are potentially looking at a dividend of 5.5c for FY10 if they have a similar year to FY09 (33% yield).
The only problem is they will have to issue IOU's on those yellow Post-it notes as dividend statements. As everyone knows this company doesn't deal with cold hard cash, Just imaginary profits to mislead shareholders.
Been a while since we had a receivable update!
I no longer hold, but its still interesting to follow this so called stock.
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nationwide building society.
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