Bloomberg was expected 3.5 C only but PLS surprised the shareholders with 11C
Will a dividend be declared?Pilbara Minerals has indicated that in FY23 it would start paying a dividend.
The target dividend payout ratio has been established at 20% to 30% of free cash flow. The mid-point of that guidance would translate to the ASX lithium share paying around a quarter of its cash flow as a dividend.
Commsec’s disclosure of Bloomberg’s figure shows that Pilbara Minerals could pay a half-year dividend of 3.5 cents per share.
Pilbara Minerals indicated that it will start paying income tax in February 2023, so the dividend is expected to be fully franked.
At the current Pilbara Minerals share price, the projected half-year dividend could be a grossed-up dividend yield of 1.2%.
Ann: Dividend/Distribution - PLS, page-113
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$3.16 |
Change
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Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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