Perhaps the dividend will be unchanged.
• Chairman John Bevan seems to imply that the mix between share buy-backs and dividends will be maintained - AGM Nov 2022
• While CEO Confirming prior guidance "1H FY2023 underlying earnings before interest and tax (EBIT) will be in the range of $800 to $900 million."
However for Australian equity holders the dividends this year will be fully franked. If so, a good outcome/payout.
It has been a torrid year for flat rolled steel prices in the USA, and the USD$ / AUD$ has weakened the translations, and so a strained Australia might have to be carrying a bigger part of the 1H 2023 load.
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