It seems like an about turn to me.
In the recent past dividends have been increased at 10% per annum, and paid monthly to create a strong perception as being a dividend stock.
So to switch to zero is a big policy move.
I think instos and funds will not be bothered, but retail investors will be turned off.
But Mr Kelly has always presented as a Buffeteer, so we should not be surprised.
Gosouth
It seems like an about turn to me.In the recent past dividends...
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Last
$6.56 |
Change
0.010(0.15%) |
Mkt cap ! $295.2M | |||
| Open | High | Low | Value | Volume |
| $6.76 | $6.76 | $6.55 | $110.3K | 16.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 893 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.62 | 3838 | 1 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$6.60 |
Change
0.010 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $6.70 | $6.72 | $6.58 | 2525 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| KPG (ASX) Chart |