YAL 3.65% $6.24 yancoal australia limited

Ann: Quarterly Activities Report, page-3

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  1. 119 Posts.
    lightbulb Created with Sketch. 41
    Yes I arrive at the same profit level as you.
    After overheads the Net profit would be of the order of $1.3B.
    The number of shares on issue is also 1.3 B.
    So we are looking at $1 net income per share.
    Yal dividend policy is paying out 50% of net income as dividends,
    subject to sufficient free cash flow covering capex, which it easily is.
    So it looks like this share at current price levels will have a dividend yield
    of 24% and earnings yield of 48%.
    This stock is certainly a well kept secret.
    DYOR> No warranty given
 
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