Probs not enough franking credits to pay a large special divvy going forward, hence capital return instead.
There is pressure for capital mgt as they selling some Asian businesses and the quota share deals release quite a bit of capital and without options to reinvest into the core domestic businesses they need to do capital mgt in some shape or form.
With the reduction in the franking balance and sub 100% franking going forward, i think this will rightly annoy the income investors who were holding for fully franked divs.
Ann: IAG FY18 Market Presentation, page-3
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IAG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.12 |
Change
0.010(0.14%) |
Mkt cap ! $16.87B | |||
| Open | High | Low | Value | Volume |
| $7.15 | $7.19 | $7.10 | $24.77M | 3.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9837 | $7.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.13 | 3117 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |