magpie, good point about partial franking due to UK earnings. However, I believe it is immaterial anyway. If a divided stock buyer, one would usually be looking for income now and ongoing, so not Slater. Slater is a growth stock so the dividend is just a bit of icing on the cake.
The main point about dividend growing 10% is management are confident enough to state this which backs up their belief in strong cash flows in the years ahead. In time (longish) dividend will become more relevant is it plateaus - all being well cash flows will then support a significantly greater dividend (albeit partially franked).
SGH Price at posting:
$3.32 Sentiment: Buy Disclosure: Held
