Uhm @andy bee .... didn't GEM report this already in August 2017 half year results??
Spoiler alert:
The next dividend in September 2018 is also going to be 10c.
How do I know this?
Because this was the guidance given by GEM in the half year results in August 2017.
Provided of course they stick to their guidance....which they should.
Excerpt below as posted on another thread of GEM and available on GEM investor relations section of their site.
@Mongrel the dividend yield hasn't fallen much because the dividend policy is keeping it "artificially" high for the 2018 year at 20c.
For 2019 GEM has given guidance that they will pay 70%-80% of underlying NPAT in dividends.
If profit eps remain roughly the same we are looking at 15.2c - 17.44c for the 2019 period.
If they don't become more profitable per share then it will fall even more in 2019.
24c for 2017
Down 16% to 20c for 2018
Potentially down 12.8% for 2019...
PS. For the record, I don't care about dividends, I care about share growth.
GEM Price at posting:
$2.90 Sentiment: Buy Disclosure: Held
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