not quite right. rare chance of it ever being zero, unless all FUM is withdrawn (highly unlikely).
stated policy is:
so of my predicted $120m NPAT, theyll pay ~$90-100m of it. With ~180m SOI = ~55c FOR THE FULL YEAR. probably no perf fee (maybe minor for those funds that didnt perf so bad vs the relevant index...)....pales when compared to history: ~55c for the year would equate to a ~70% drop....which is about right given the FUM & margin squeeze & hemorrhage!
should align it to 2014/15 when they had about $31bn in FUM, but less than half the current expense base (one normalises for the other): either way, historic dividend yield is, well, just that. history WONT repeat here.....!!
MFG Price at posting:
$10.26 Sentiment: Sell Disclosure: Not Held
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