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.
Its a growth stock mate.Would you rather the company paid out...
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Last
$71.14 |
Change
0.940(1.34%) |
Mkt cap ! $13.93B | |||
| Open | High | Low | Value | Volume |
| $70.97 | $71.54 | $70.50 | $60.53M | 852.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 140 | $71.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $71.14 | 146 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$70.82 |
Change
0.940 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| $71.00 | $71.50 | $70.50 | 48100 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| MIN (ASX) Chart |