Background to tomorrow's dividend
The policy is to pay out between 20 and 30% of free cashflow as dividends.
Free cashflow has been
Sep 783M
Dec 949M
Mar 457M
Jun 656M
The previous payout of 11 cps was 20% of the cashflow in the Sep and Dec quarters, so, on that basis, I expect a dividend between 7.5 and 11 cps although they could be generous and bring the total to 30% averaged out over the entire year in which case the dividend will be around 17 cps. All based on my back of the envelope calcs so DYOR or just wait as it will all be revealed in the morning. Would be nice if it was 15 cps so that @O.C.WA would receive his six figures.
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