To state a dividend policy then not adhere to it is misleading and does the company no credit.
I dont mind the policy being changed, but they should at least show some courtesy to their shareholders and announce the change in the dividend policy before announcing their dividend.
I am pleased with the profit result and how the company is performing, but to say one thing and then do something else is not good management.
WSA Price at posting:
$6.52 Sentiment: Buy Disclosure: Held