The answer is yield, which at today's closing price is running at 8.37% fully franked, and the dividend payouts have been increasing a bit every year since the end of the GFC. Of course, there's no certainty that this pattern will continue going forward under the current conditions but investors are betting there's a good chance that it will.
WAX Price at posting:
$1.17 Sentiment: None Disclosure: Held
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