Ann: Annual Report to shareholders, page-2

EPS great- Profit and Better still "Dividend policy On 7 June 2019 MMJ announced its intention to distribute 20% of its annual profit after tax after excluding unrealised gains and losses on investments (Annual Profit). The policy would first apply in respect of the Annual Profit for the year ending 30 June 2020. The dividend would be payable within three months of each half year after the completion of the half year and annual financial statements. It is MMJ’s intention that the dividend would benefit from available franking credits held by MMJ. MMJ has a robust corporate cash balance and a portfolio that includes a majority of liquid investments"

Share price /EPS suggest this is still cheap to me. The Change seems to be working shown in the EPS. Fully or partly franked dividend 2020 looking good

Not pumping- track record of change and trust needed.