mention of possible dividends this year depending on M&A activity. Presentation suggests this was mentioned in the half yearly although I didnt spot it? BGL can certainly afford it. Assuming they convert all free cash for this period into PPE and maintain a cash balance of 2.1 million. If they pay out a .0035cps divvy, equating to a yeild of close to 2.5% on current prices, it will only cost them about $300,000 so they will still have 1.8million cash in the bank - oh and some happy investors. Paying a divy wont have a huge impact on future growth either really given they will be sinking in 2,000,000 into CAPEX this year alone.
mention of possible dividends this year depending on M&A...
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Last
$1.97 |
Change
0.120(6.50%) |
Mkt cap ! $2.313B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.97 | $1.90 | $11.10M | 5.739M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29861 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 16117 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |