Telamelo,IMO it would be wiser to budget for a 7c dividend now...

Telamelo,

IMO it would be wiser to budget for a 7c dividend now and then a 6-7c dividend in the next 6 months.

The 10c div is historic and MCP's accounts indicate that unless profit materially increases (and retail conditions are still tough) then 6-7c is more likely.

Ocker et al have some good research about margin compression, falling ROE, etc for MCP that is worth taking into consideration.

I am still glass-half-full for MCP (at these prices) and am not unhappy about a near 10% dividend but have my eyes open to the issues MCP currently faces.

Cheers
John