They are paying a dividend to attract institutions with mandates only to invest in companies that pay annual dividends. This move to pay a dividend will get them on a lot more radars.
Also they are saying to the market that not only are we fully funded through to Kupe commencement, but we can afford to pay a dividend on top. Great signal.
A lot more legs in this yet.
They are paying a dividend to attract institutions with mandates...
Add NZO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.5¢ | $3.528K | 9.436K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37136 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 31636 | 2 |
View Market Depth
| Last trade - 14.29pm 10/07/2024 (20 minute delay) ? |
| NZO (ASX) Chart |