Dividend payout ratio is set at 40% of retained earnings. At the time of the prospectus, based on earnings of AUD 5mm the forecast dividend was 1cps. The directors have advised the intend to pay a dividend based on earnings of AUD 7mm which would suggest the dividend will be around 1.4cps.
In terms of paydate nothing has been announced, but with the FY report due to be released in the next three days, the record date being a couple of weeks later and therefore a paydate of early April.
Dividend payout ratio is set at 40% of retained earnings. At the...
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