This is not good accounting and certainly not good company dividend policy, but, it is factual if my ability to read a financial document is reasonable.
At end last quarter BCI had "Cash of A$197M after debt repayments of US$37M (including US$17M ahead of schedule)"
There are M124 issued shares so a dividend of 30 cents would take $M37.2. (That figure again.....see above!! That still leaves $M160 in kitty. Or $1.29/share!
Mind blowing! Have to increase the dividend, pay a special dividend (cash payout) or put the money to use better than interest.
How much will the payout be? We will know later this month.
This is not good accounting and certainly not good company...
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