There appears to be some headroom for a modest increase in the final dividend re: "flexibility for shareholder returns".
Given the debt maturity profile (the next debt repayment of $75M is not till FY25), I would also not rule out a one-off return of capital as part of the 2024 AGM resolutions for approval by Evolution shareholders. An application for a Class Ruling would have to be lodged with the ATO in relation to the form and taxation treatment of such a distribution to shareholders.
Source: Slide 12 of https://cdn-api.markitdigital.com/a...mp;v=4015c7b87631faf94ecd96975272ff9ad5cb14c3
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Ann: June 2024 Quarterly Report, page-36
Add EVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.57 |
Change
0.080(1.78%) |
Mkt cap ! $9.100B | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.60 | $4.53 | $21.60M | 4.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 59207 | $4.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.58 | 114721 | 51 |
View Market Depth
| Last trade - 15.28pm 11/10/2024 (20 minute delay) ? |
| EVN (ASX) Chart |