Here an extract of the dividend policy from the Entitlement...

Here an extract of the dividend policy from the Entitlement Offer Booklet which I expect YAL to implement.

(a) Dividend policy
The Constitution requires the Directors, subject in each case to applicable
laws, the ongoing cash needs of the business, and Shareholder approval,
to pay dividends of no less than 40% of the Company’s net profit after
tax (pre-abnormal items) each financial year, unless the Directors decide
to pay dividends of no less than 25% in order to prudently manage the
Company’s financial position.

Payment of dividends is also subject to the terms on which the SCNs
have been granted. In addition, under the terms of the A$28 million bank
guarantee facility with BOC, the Company must not, except with the prior
written consent of BOC, declare or pay any dividend or make any payment
to any shareholder.

Cheers