It is clear in the results that after payment of the dividend, and taking into account tax due for FY22 and accrued tax liabilities for HY23, there is only $879 m left.
In light of that and given the continuing buy-back, it is unsurprising that they didn't pay more as the interim dividend.
Of that cash, assuming half of it is then spent on the buy-back, at current share prices it would allow the purchase of a further 60 million shares and then leave $440 million.
It also seems to be the tax liabilities which is what most people didn't factor in when assuming the dividend would be really high.
It is clear in the results that after payment of the dividend,...
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Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $5.990B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.16 | $6.84 | $72.74M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3922 | $7.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 2173 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |