Excuse the ignorance, how many shares does MQG have on issue?
300M or something?
Anyway, assuming it's 300M shares on issue.
Say Half Yearly Profit is $450M.
They choose a 40% dividend payout ratio (they state 40-60%) as this is a GREAT opportunity to buy cheaper assets.
This is $180M in dividends, or $0.60 each.
Failing that...
Profit turns out to be $550m.
Choose a 60% payout ratio.
This is $1.10 each.
Assume second half of the year is 20% better...
Using the $1.10 scenario, this is $2.42 for the full year.
Meaning, todays price can only be 'valid' if dividends are expected to increase in the future, or one of my assumptions is wrong.
Having said that, I think dividends will increase in the future :)
Excuse the ignorance, how many shares does MQG have on...
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Last
$198.29 |
Change
2.530(1.29%) |
Mkt cap ! $75.67B | |||
| Open | High | Low | Value | Volume |
| $195.70 | $199.82 | $195.60 | $209.7M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 145 | $198.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $198.29 | 3371 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |