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.
Well surely the dividend has to stay the same. the balance sheet...
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Last
$8.91 |
Change
-0.060(0.67%) |
Mkt cap ! $1.619B | |||
| Open | High | Low | Value | Volume |
| $8.99 | $9.03 | $8.83 | $1.666M | 186.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1532 | $8.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.92 | 615 | 11 |
View Market Depth
| Last trade - 12.58pm 30/04/2024 (20 minute delay) ? |
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Last
$8.99 |
Change
-0.060 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $9.02 | $9.02 | $8.84 | 47772 | ||
| Last updated 13.19pm 30/04/2024 ? | |||||
| MFG (ASX) Chart |