BGunther you are right on the div, my mistake. However, what we...

BGunther you are right on the div, my mistake. However, what we are both forgetting is that Div's can only be paid out of Retained Earnings and current year profits and at the half year 2020, WPP had negative retained earnings of $459m. Also, they need the cash on hand (unless they are going to borrow) to pay the div before any franking credits can be attached which suggests the max div WPP could pay is $64m or 8c a share .