Where do posters on here see this trading as a result of the...

Where do posters on here see this trading as a result of the dividend announcement.

I was expecting 2 cents, my theory being they pay 2 cents a half with the potential of a special dividend.

when I first bought grr at 10 cents I was getting a 0.5 c dividend each half, so a payout of 10% per year in dividends.

with this latest dividend announcement it completely changes the game if we are to expect up to 20c plus per year in dividends. Even if this were at $1 per share you are still looking at 20 per cent yield.

I am thinking this could gap up much more than the proposed dividend as people start factoring in the incredible yield on offer.