Slow dividend payment probably has something to do with the fact that they use Advanced Share Registry instead of Computershare or Link Market.
Always seem to spend all the profits on CapEx such as the South Deposit Tailings Storage Facility(that should be just about finished now), continued Waste Stripping in the North Pit which is capitalised and then amortised over 20 years, and they're about to commence the replacement of the second Autogenous Mill. So they're always going to find another project at Savage River to consume the profits so there is very little left over for minority shareholders even during the present good times due to the above average iron ore price.
At least the total yearly dividend of 1c is yielding 5% and is now fully franked. Not too many mining companies around with those statistics.
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