The dividend is a 5.7% grossed up dividend at around $8.00
Not sure what you are all complaining about.
Preservation of cash is sometimes prudent. You don't know the Board's intentions going forward. Could be the greatest move for medium to longer term shareholders.
Let's face it, thermal coal is on the nose. Why would they deplete so much cash to shareholders if times going to be tough for thermal coal miners.
The price of thermal coal has tanked in the last 6 weeks. Who ever thought that was possible?
I actually think considering the tank, WHC is overvalued but I haven't looked at this company at all. Just the dividend yield.
GLTA
Ann: Dividend/Distribution - WHC, page-17
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$7.62 |
Change
-0.080(1.04%) |
Mkt cap ! $6.374B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.68 | $7.45 | $41.51M | 5.478M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15473 | $7.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.62 | 12215 | 2 |
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| WHC (ASX) Chart |