Yes, and they may prefer to retain capital and keep a stronger balance sheet/ratios moving in to FY16.
As far as a 4 cps dividend. Doubt that will happen. (I want it, but I don’t think its likely) If profits from FY15 are similar to FY14 then we can expect total profit of ~ $50-55 million, @ 40-45% payout that’s about 22.5 million. Minus the $15 million already paid in 1st half and we’re left with about 7.5 million or 2 CPS. Not really sure I’ve ever seen a company with profits down, interest payments up actually increase its historical dividend payout ratio. 1 cps, 0cps could be perfectly reasonable. Either way I'm not budgeting for much of a MRM dividend this half. It will be a welcome bonus...
Ann: MRM - Trading Update, page-99
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Last
$2.70 |
Change
0.010(0.37%) |
Mkt cap ! $1.023B | |||
| Open | High | Low | Value | Volume |
| $2.69 | $2.70 | $2.69 | $14.80M | 5.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1480952 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 4712233 | 23 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MRM (ASX) Chart |