Pretty much confirmed that they will pay: 0.5c based on half-year results 0.5c when Cooper Basin sale completes 0.5c based on full-year results
So 1.5c in respect of FY21. Cooper Basis dividend not 100% franked but near-enough. So including franking credits, this is a return of 2.1cps = 6% return on SP of 35c. Realistic plans to grow from current 18PJ / year production rate to 36PJ / year over next two years, just with existing asset base.
Been long and frustrating, but a 6% return on what is still a growth stock is pretty solid ...
SXY Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held