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.
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Last
$7.51 |
Change
-0.015(0.20%) |
Mkt cap ! $6.241B |
Open | High | Low | Value | Volume |
$7.51 | $7.54 | $7.46 | $13.00M | 1.727M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 38179 | $7.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.51 | 2177 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 28882 | 7.500 |
17 | 43256 | 7.490 |
13 | 55779 | 7.480 |
10 | 29567 | 7.470 |
14 | 35777 | 7.460 |
Price($) | Vol. | No. |
---|---|---|
7.510 | 18253 | 25 |
7.520 | 40367 | 27 |
7.530 | 49379 | 28 |
7.540 | 53070 | 24 |
7.550 | 31116 | 14 |
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