As far as I can see it looks like a total dividend for 2018/19 of 12 cents. The interim dividend was 4c fully franked plus a special dividend of 2c FF, making it the same as last year's interim dividend of 6c FF. Now they are saying the final dividend will be 6c FF, compared with last year's final of 2.5c FF. If I have got that right, it is a very substantial increase in dividend from 8.5c FF to 12c FF. That's up over 40%.
To do that, they must be very, very confident about the future. Onwards and upwards!
MCP Price at posting:
$1.43 Sentiment: None Disclosure: Held
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