MYG 0.63% 80.5¢ mayfield group holdings limited

Ann: Mayfield doubles the amount of the final dividend, page-13

  1. 4,399 Posts.
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    Dividend policy (source : prospectus in Oct 2020) :
    "it is intended to introduce a policy...of distributing at 33 % of after-tax profits annually, subject to the company having sufficient net assets".

    Interesting to note that their pay-out was in line during H1 24 (pay-out of 32 %).
    So, I guess the fact that the company announced a final dividend of 2 c gives an indication of their net profit for H2 24.
    If they keep the same pay-out of 32 %, it corresponds to a net profit of 5.6 m$ for H2 and a NPAT of 8.4 m$ for FY 24 (PE of 8.9, and even lower if we exclude the net cash from the market cap).
 
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