A good question by Iteh and a good answer by traderookie...
Also remember that there is a cost to equity capital and at the moment the cost of that equity capital is greater than 10%. If you don't want your dividends then reinvest them into NIC.
Given the discounted valuation that NIC has I'd say that sovereign risk and single customer risk plays a big part of things. Paying a divident helps assure investors that there is actual real profit and cash flow there to be distributed.
(Oh and good luck waiting for franked dividends for NIC!)
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A good question by Iteh and a good answer by traderookie...Also...
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Last
83.0¢ |
Change
0.005(0.61%) |
Mkt cap ! $3.557B |
Open | High | Low | Value | Volume |
84.0¢ | 84.5¢ | 82.5¢ | $5.094M | 6.114M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 68103 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 157856 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17055 | 0.825 |
6 | 64587 | 0.820 |
5 | 60167 | 0.815 |
6 | 146220 | 0.810 |
5 | 132949 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 55000 | 3 |
0.840 | 52091 | 3 |
0.845 | 147720 | 8 |
0.850 | 116834 | 8 |
0.855 | 93721 | 6 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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