BWF 2.69% 45.3¢ blackwall limited

The dividend structure of 0.5c cash and 2.0c worth of WOT is...

  1. 842 Posts.
    lightbulb Created with Sketch. 146
    The dividend structure of 0.5c cash and 2.0c worth of WOT is "unusual" as you put it.

    The messaging seems to be we don't generate enough cash, so returning capital with franking credits is the best we can do.

    Now they could keep this up for a few years. But then there'd be no more WOT to hand back. It seems unsustainable.

    I can see the valuation appeal. But it's a return of capital - and not a payout of earnings - that bothers me.
 
watchlist Created with Sketch. Add BWF (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.