Overall, it is good that the dividend has increased on an annualised basis. I just had my fingers crossed they would keep the final dividend at 26c.
PAC management have said that dividend and earnings will level out more now with GQG and Banner Oaks dividends spread across the year.
As @powertool mentioned, they have to have cash flow to pay dividends and that is going to come through this financial year.
Best of Luck
Lost
Ann: Dividend/Distribution - PAC, page-5
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