40c f/f special dividend on top of ordinary divide

".A fully franked special dividend. Shareholders will receive a fully franked special dividend of 40c per share if the AEP bid is unsuccessful, in addition to ordinary dividends of 80-100 per cent of after-tax earnings."

"Wattyl Ltd (ASX:WYL) has an unaudited $3.5 million net profit for the half year to December 31 2005, down 76 per cent on the prior corresponding half's
$14.5m."

Last year's ordinary dividend was 15c fully franked. This years should accordingly be around 3.6c making total fully franked dividend of 43.6c (grossed up dividend
of about 62c).

"Outlook
Dr Nolan said: ‘We expect market conditions to remain soft in the second half, but expect
underlying EBIT to be modestly ahead of last year. We will continue to focus on our internal
restructuring programme to deliver substantial cost savings, which will provide a significant
improvement in the 2007 financial year’."

Ajax