Ann: Dividend Declaration, page-729

Shaidar1974 and W1. For TER’s Sept dividend the company only had $70 million cash held by all Australian subsidiaries, however still paid out a $0.10 unfranked dividend totalling $79.9 million dollars. So it would appear they dipped into the next quarters funds to make up the difference. However noting thermal coal prices have weakened quite significantly this month, will they do the same for the upcoming March dividend and continue paying shareholders the usual $0.10 dividend…
My personal view is Danny will maintain the $0.10 dividend as per the last 2 dividends and we will receive a lesser amount for the June dividend, unless of course thermal coal prices start trending higher as of next month.