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
$69.71 |
Change
-1.110(1.57%) |
Mkt cap ! $13.72B | |||
| Open | High | Low | Value | Volume |
| $70.19 | $70.61 | $69.70 | $20.55M | 292.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 48 | $69.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.71 | 172 | 8 |
View Market Depth
| Last trade - 14.26pm 05/06/2024 (20 minute delay) ? |
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Last
$69.49 |
Change
-1.110 ( 1.99 %) |
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| Open | High | Low | Volume | ||
| $70.24 | $70.61 | $69.36 | 18752 | ||
| Last updated 14.46pm 05/06/2024 ? | |||||
| MIN (ASX) Chart |