The size of dividend is becoming an interesting discussion point for PLS in my opinion. The company has circa $2.7Bn in the bank currently, and will continue to accrue between $700-$900m per quarter for the foreseeable future.
Even if a dividend is paid out at 40-50% of free cash flow, PLS will still be holding too much cash. Having $3bn+ in the bank is not good for PLS or it’s holders in my opinion. Now is the time for aggressive expansion/downstream ventures/M&A. PLS is the best positioned lithium miner in the world to capitalize on their healthy cash flows.
What they do with this cash flow is the important question. Back to the topic of dividends, I assume this will be 50% of free cash flow moving forward - 12-18c per half.
Pap
Final divi FY23, page-70
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Last
$2.83 |
Change
0.085(3.10%) |
Mkt cap ! $8.550B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.85 | $2.80 | $79.76M | 27.89M |
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| No. | Vol. | Price($) |
|---|---|---|
| 65 | 435645 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.83 | 293644 | 58 |
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| PLS (ASX) Chart |