stlamc is right. I was too casual in my post. MML has stacks of cash and the big spend re development is over. I accept more cash required for mill extention but MML has large cashflow and can afford to reward shareholders with a bigger dividend. many of of us have held for ages including the massive downturn. A doubling of the final div in August is easily affordable and will also refocus mkt attention back onto MML. Re FY13 i feel we can expect higher divs again e.g 25c for the full year. MML has zero debt. That's why we hold shares in the company.
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