Agree that a 12.5 cent dividend is totally on the cards. My calculations, if they get an EBITDA of $200m (which they achieved in Jun22 Qtr), at 75% NPAT (payout rate of Sep-22 Qtr) payout, 12.5cents is where they should land.
I do question if it would be Fully Franked though. For a 12.5cent dividend, TER would need franking credits (tax paid) of $42.8 million.
They paid tax in Dec22 of $44 million (2022 result), but paid us today a FF dividend, so $34.3million of those franking credits gone. So they would only have around $9.7 million left.
Sure they maybe paying (well should be) income tax monthly, but the question is how much. I hope it is FF.
Ann: Dividend Declaration, page-208
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Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $180.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.5¢ | 21.0¢ | $694.2K | 3.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 463500 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 3172 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| TER (ASX) Chart |