Its a growth stock mate.
Would you rather the company paid out 100% of profits to shareholders via a whopping divedend only to have to do a discounted cap raise to fund the operational ramp up and the capex associated with it?
Its capital management 101.
Considering MIN increased debt pretty heavily during the year, i would have been happier and more comfortable with no divedend.
Ann: Dividend/Distribution - MIN, page-8
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Last
$53.92 |
Change
-2.000(3.58%) |
Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
| $55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2257 | $53.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.20 | 2000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |