Citi has forecast $16.4m of dividends will be cash paid in 2020. With the 2019 final at 1.5 cents paid in next six months, then an interim say 3.5 cents paid in second half, you get $9.6m. Even if the interim was at 5 cents (inclusive of a special again), you still get $12.5m, or say $4m less. Something wrong in their modelling. It would have to be a boomer interim at 7 cents a share, unlikely.
Citi has forecast $16.4m of dividends will be cash paid in 2020....
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