Dividend

No guarantees, but anticipating a dividend declaration during second half of July based on final dividend announcements in recent years. The record date could be early August and payment date later that month. Recent years payments policy suggest shareholders could again receive a distribution amounting to 50% of Corum's net profit after tax if this policy is maintained. The current yield based on prior dividends and the current share price is over 7% and I have no expectations why it should much different for this financial year. Their should be some franking credits too. There has been no guidance indicating any significant change to profitability except for the non recurring payment to the former Managing Director which I feel should be largely offset by the benefits of a lapse in performance rights to the former directors and chairman (27th April update). The cash position at 27th April was a healthy $13.3m indicating solid cash flow for the start of the June quarter. Hoping there has also been a solid increase in sale of hardware to customers following the May Budget announcement.