.23 dividend (667M) for a full year would only account for (at this current June 2022) quarterly profit. Yes, non-taxed etc etc.
I don't mind if we wait 2-3 years for dividend payments but while we stockpile cash and the Li price continues to rise and/or stabilise at these ATH they need to do more with it... but what? Just about all their expansions can be paid for with cash now and debt can be 'restructured'.
Nearly 600M profit at just over $4k USD prices... and onwards/currently 'probably' getting another 20-50% more ($5k-6k) at increased volumes too you could be looking at nearly 1B USD per quarter... a dividend is not out of the options.
Should PLS be thinking about MA? Don't want to get too big too quick but also don't want to miss out on opportunity in this perpetual supply/demand shortfall.
Maybe a smaller special dividend for the HY23 could be in order? Or they might have to wait for FY23 due franking credits?
.23 dividend (667M) for a full year would only account for (at...
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Last
$2.95 |
Change
0.060(2.08%) |
Mkt cap ! $8.883B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.95 | $2.80 | $37.16M | 12.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 145182 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 119681 | 14 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |