Well surely the dividend has to stay the same. the balance sheet is net cash positive so they have to return earnings to shareholders. What else are they going to do with earnings? Funds management business by nature have really high payout ratio's
There is no shareholder centric rational for cutting the dividend.
Ann: Hamish Douglass - Medical Leave of Absence, page-116
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.51 |
Change
-0.110(1.28%) |
Mkt cap ! $1.538B | |||
| Open | High | Low | Value | Volume |
| $8.55 | $8.61 | $8.48 | $3.234M | 379.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2083 | $8.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.53 | 4645 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$8.50 |
Change
-0.110 ( 1.41 %) |
||||
| Open | High | Low | Volume | ||
| $8.54 | $8.61 | $8.49 | 66971 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| MFG (ASX) Chart |