current reduced dividend if probably not reduced enough. As their interest rate hedging expires, CLW interest rate expense will rise significantly. Look at the presentation, look at their current effective interest rate expense. Then look at their debt and multiply it by a 'current market interest rate expense, say around 6%), that's a massive jump in interest rate expense.
My strong suggestion, don't buy based on historical dividend yields, future dividend yields are likely to be lower in FY25 than even the current reduced FY24 dividend.
CLW Price at posting:
$3.29 Sentiment: None Disclosure: Held
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