The CEO has previously confirmed that a $0.001 dividend will be payable in June 2017 and followed up in December 2017. On last Friday's closing price ($0.03), this translates to a 6.66% annual yield (assuming the December payout is the same).
I'm pretty sure I also read TZ say that this was going to be fully franked....therefore the total yield is technically like 8-9%. Not bad going if it can be sustained.
Two questions: Can anyone confirm the expected "full franking" of the dividend. And secondly, does anyone know whether an announcement must be made by the Company well in advance of June to declare that the dividend will be paid out to shareholders on a specific date?
STL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
