From the last Annual Report, in June 2023:
"As at 31 July 2023, the Company had 12.8 cents per share available in its profits reserve representing 0.8 years of annual dividend coverage before the payment of the final fully franked dividend of 7.75 cents per share, payable on 31 October 2023. In FY2024, the Company’s ability to continue paying fully franked dividends at the current level is dependent on generating additional profits reserves, through positive investment portfolio performance, and franking credits. The ability to generate franking credits is reliant on the receipt of franked dividends from investee companies and the payment of tax on profits, which is uncertain."
So, after paying out their last dividend, capital reserves sit at 1.6 cents per share less than in July.
As stated, there's no guarantee that they will generate enough funds to maintain the div for the rest of the year, but they're currently pretty close.
Due to the drop in share price (and the reduction in NTA from paying out the div over COVID) the div is a very high % of SP/NTA but the intention seems to be to maintain it if possible. If not, then I would think only a small reduction.
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