Ann: Market Update, page-25

not sure if they will pay the 4c as a final, or just 'split more equally' the interim and final. In either case yes it should be totaling around 4.5 - 5c dividend a year, giving a fully franked yield of around 6.25% to 7% on current 72c share price. Importantly the updated guidance should start flowing through analysts forecasts of profits. Currently payout ratio is around 65%, this payout ratio should decline as the profit forecast rises. So the dividend is reasonably well covered (which gives security to the dividend yield, too higher a payout ratio and one has to give high risk to the dividend).

However having said this, the industry SXE operates in is cyclical (just look back on the years 2015/16).

Happy holding SXE as part of a diversified portfolio (especially as SXE is debt free and on net cash, so far less risky than other contractors if we go into a down turn).