Pleasing to see the mention of distributing more of the companies earnings as dividends in the CEO/Chairmans report.
"After a series of engagement sessions with institutional investors in 2022, we recently formally implemented a dividend policy for 2023 onward. While a A$1.5 cents dividend was declared for FY2022, going forward the Company will target a distribution of 10-30% of net profit after tax, subject to the board’s approval. As we continue working on reinvigorating our register, the dividend policy will allow us to pay a sustainable dividend even as we grow, and most importantly, allow institutional investors to forecast their returns. After our expansion and growth projects at OM Sarawak, we will be able to distribute more of our earnings to shareholders."
Ann: 2022 Annual Report, page-3
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