PLS 4.36% $2.85 pilbara minerals limited

"the company set down a long term dividend formula at around 30%...

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    lightbulb Created with Sketch. 850
    "the company set down a long term dividend formula at around 30% of profits"

    I think that's wrong. My memory says that it is 30% of free cash flow, definitely not profit. Please correct me if wrong.
 
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