I think that management will be aware of market psychology and the additional benefit granted by getting the dividend above $1.
They can afford to do it whilst keeping plenty in reserve, it will lower cash balance which should effectively ease buy back prices and it looks excellent from a sentiment point of view and will be sure to generate plenty of positve news articles - i.e. "WHC pays larger 6 monthly dividend than the shareprice as of 3 years ago".
HY23 Dividend Predictions for 16th Feb?, page-9
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Last
$8.65 |
Change
-0.060(0.69%) |
Mkt cap ! $7.278B | |||
| Open | High | Low | Value | Volume |
| $8.75 | $8.77 | $8.65 | $12.57M | 1.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 22323 | $8.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.66 | 31278 | 24 |
View Market Depth
| Last trade - 13.02pm 11/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |