dividends, page-18

From the Bell Potter dared 31/3/23 Free Cash Flow Yield % for 2021 ACTUAL is -20%, 2022 est 1%, 2023 est 18%, and 2024 est 24%.
Free cash flow yield is a financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share.
Easy to see why Simply W S had a fail for coverage of dividend for 2021 and 22. Little or no Free cash flow.
2023 and 2024 are predicted to easily cover dividends for those years.
I still think Dividends should by suspended for the 2022 year but one may be declared via pressure from big holders and a roll of the dice on 2023 and 2024 coming up as expected with big cash inflows. Obviously the other parties to the deal receiving a large number of shares think NIC is a good investment.
I would prefer that debt be paid down a bit this year in preparation for huge CAPEX later. But obviously not my call.
It appears that the SPP may assist with cash to pay a Divvy.
Nickel for EVs appears to be in short supply. Tesla uses Nickel in its batteries.
The batteries not using Nickel are LFP which has a shorter range and are apparently used by VW.
Still weighing up how much to go in for the SPP but i will go in.