Ann: MVP Further Earnings Guidance , page-4

Rab,

IMO MVP will continue to consistently pay a 3c half year dividend for a few of reasons;

(1) They are consistently generating profit and importantly free cash flow. Over the past couple of years this has been increasing.

(2) MVP are not a capital intensive business (e.g. mining) and thus the free cash flow (with the exception of R&D and marketing initiatives for new markets, + regulatory) is surplus to requirements.

(3) MVP have a largish cash horde presently.

(4) Whilst the 3c 'headline' dividend is greater than EPS it is apparent that the largest shareholder is interested in increasing their control of MVP via the DRP. Thus in nominal terms the cash cost of the dividend is not 3c x # shares on issue... and it is an effective (and cashless) way for the largest shareholder to increase their stake in MVP.

I for one am anticipating a consistent dividend stream.

Cheers
John