Ann: Annual Report 2020, page-22

Might join in discussion.
I am very disappointed in the result
I am long term holder and 12 cps dividend isn't enough.
I understand why CEO Peter Colman resigned.
He hasn't taken shareholders interest and has instead grown the company with massive expansion and capital expenditure.
At a time when energy companies were cutting back.
I remember WPL paying $1.50 a share dividend.
10 years latter it is 10%, a massive fall.

I am not too worried about renewables.
It has to happen, but the country will still need a supply of Hydro carbons to supply the demand

I take heart in what was said at the AZJ half yearly report that for every gigawatt of coal fired electricity that is turned off.
1.7 gigawatt of power is switched on somewhere else.
The power turned off is mainly in Europe while the power switched on is in Asia.
We are a reliable supplier or materials to Asia, long term our future is ensured.

Directors better make sure that shareholders are not made to pay for future plans.
Or share price will head south.