I think you are not looking at it right.
As an interim they have never paid more than 40 per cent of eps. Their guidance is still 50-80 per cent of full year eps.
So they will load it back half.
A resource company bottom line doesn’t rely on yield for a floor. It’s about global growth underlying commodity/s strength and eps/cashflow.
They still made almost 1b in a Half where they were only getting 66 per cent of 62 per cent platts vs 85 -90 per cent historically
The second half and year ahead is forward looking and the market will focus on that not a 3c miss on dividend expectations of the analyst consensus (even though you were 11c above consensus - more than the eps for the half)
They will refinance all debt at 5 per cent or below and with 25 per cent net gearing it’s not the end of the world.
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