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).
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Last
$1.75 |
Change
-0.015(0.85%) |
Mkt cap ! $459.3M |
Open | High | Low | Value | Volume |
$1.76 | $1.79 | $1.74 | $968.9K | 553.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3751 | $1.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.76 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3751 | 1.745 |
3 | 27447 | 1.740 |
1 | 2760 | 1.735 |
3 | 5060 | 1.730 |
3 | 5790 | 1.725 |
Price($) | Vol. | No. |
---|---|---|
1.755 | 20000 | 1 |
1.760 | 36010 | 3 |
1.765 | 2760 | 1 |
1.770 | 2760 | 1 |
1.780 | 975 | 1 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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