FY22 final K1.40 + interim K0.34 = K1.74 @ 0.40 = $0.696 x 85% (15% div witholding tax) = full year div of $0.5916.
Div yield at $4.90 share px = 12%.
Whilst the increase corporate tax will be a drag on dividends next year, the forecast improvement in PNG's economic activity would offset this to some extent. So the fall in dividend for FY23 could be no more than 10% assuming a consistent payout ratio.
Ann: Preliminary Final Report, page-3
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