Ann: LaserBond 2022 Annual Report, page-5

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    # Dividend is fully franked.
    # 40% dividend payout is more than expected for a company in its growth phase & is far from mature yet.
    # there is large amount of cash tied up in the working capital. If/when working capital shrinks it will release cash for increased dividend (if it is not needed for growth initiatves)

 
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