Cheers for posting this. I'm in retirement planning mode. Does...

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muppetnerd

18 Posts.

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19/07/22

02:05

Post #: 62598390
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Originally posted by morro72: ↑

What is expected from the Allkem dividend?
According to a recent note out of Credit Suisse, its analysts are not expecting dividends from Allkem in FY 2022. But in FY 2023, it is predicting a maiden dividend of 69 U.S. cents per share.
Based on current exchange rates, this will mean a $1.02 per share dividend for investors.
The good news is that Credit Suisse expects the company to build on this in FY 2024. It is forecasting a dividend of 71 US cents per share. This represents a $1.05 per share dividend in the local currency.
So, with the Allkem share price currently trading at $9.89, this will mean very attractive yields of 10.3% in FY 2023 and then 10.6%, respectively.
Are Allkem shares in the buy zone?
Despite predicting these big dividends, Credit Suisse only has a neutral rating on Allkem’s shares at this point.
Though, with a price target of $11.00, it still sees potential upside of 11% for the Allkem share price over the next 12 months. That’s not bad for a neutral rating!
All in all, this could make Allkem worth considering if you’re looking for exposure to lithium and some big dividends in the coming years.

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Cheers for posting this. I'm in retirement planning mode. Does anyone else think this kind of dividend projection is realistic in terms of timing and the projected amount please (AUD $1 per share)?
TIA

AKE Price at posting: $10.13 Sentiment: Hold Disclosure: Held
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0 Great analysis

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