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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not sure if they will pay the 4c as a final, or just 'split more...
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Last
$1.84 |
Change
0.045(2.51%) |
Mkt cap ! $484.4M |
Open | High | Low | Value | Volume |
$1.81 | $1.86 | $1.81 | $620.1K | 337.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10958 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.85 | 2321 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10958 | 1.825 |
2 | 7321 | 1.820 |
1 | 2321 | 1.815 |
3 | 21133 | 1.810 |
5 | 13880 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
1.845 | 2321 | 1 |
1.850 | 10900 | 2 |
1.855 | 2321 | 1 |
1.880 | 9368 | 3 |
1.920 | 9989 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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