Risk up - thanks for your good point - reminded me to check a few things. 7c is a lot, and I will be keen not to get caught in volatility leading up to the XD date. However the FCC covenant (as it stands - could be modified easily) seems to need that $41m to my reading of things as well, to reduce debt and thereby the denominator for the calc.
UGL recently paid out every cent they could to SH, when they would have benefited greatly by keeping more of it - heaps of other examples. So I'm not sure whether the div gets a positive score on balance in this instance.
I'm surprised there is no DRP.
MYR Price at posting:
$1.40 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)