similar dividend as last year with a higher payout
You may very well be correct, but I have some doubts.
The statutory NPAT for 2023 was around $87m and reflected EPS of $0.16 from which they paid a dividend of $0.18.
I estimate the statutory NPAT for 2024 to be around $60m which represents EPS of about $0.10.
Given that they've paid out $0.085 in dividends after the half year result, the scope to pay out a similar dividend to last year seems limited even though the underlying result is quite solid under the circumstances and in line with their skill levels.
similar dividend as last year with a higher payoutYou may very...
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| No. | Vol. | Price($) |
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