They do make a slick presentation. However page 6 , Jupiter has an outstanding dividend payment track record, states $0.022 dividend over 2023 which should be $0.012 actually paid over 2023 and then $0.01 over 2024 (H1). You cannot count the 21 March '24 div. payment of $0.01 Twice !
Or did i miss a payment of $0.01 over '23 ?
Furthermore what will be the future div payout ratio be ? Still 70% of NPAT, or depending on whatever ? . Investors generally don't like 'flexible' dividend conditions. Also why no Tshipi dividend (in ZAR) announcements any more....
Ann: Diggers and Dealers Investor Presentation, page-2
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