exactly, this is a conservatily run company.
The drop in the dividend last year was due to costs associated with the ACCC legal proceedings.
Notice the higher final dividend was higher, once the cost of the legal proceedings had been fully quantified.
CAB is one of the few stocks in australia still showing consistent profit growth.
This is one of my buy and hold stocks (one of only a few for the australian market)
dividend yield, page-2
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