They're just buying one part of the business, it's not like they're buying all of PPT.
I expect it's totally up to PPT what they pay now as a dividend but obviously the more they pay out now the more debt they'll have so they will have less from the $2.1B later after they pay down debt, tax and separation costs.
Which means if they pay a big dividend now then the headline payout post sale won't look as good.
It's not a magic pudding. Personally I suspect they might go on the smaller side in the short term to make the post sale payout look bigger.
Ann: Fourth Quarter FY24 Business Update, page-29
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Last
$19.33 |
Change
0.120(0.62%) |
Mkt cap ! $2.203B | |||
| Open | High | Low | Value | Volume |
| $19.27 | $19.37 | $19.19 | $620.5K | 32.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 212 | $19.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.33 | 161 | 8 |
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| PPT (ASX) Chart |