The letter recieved today introducing the DRP stated " .......as well as confirming its maiden dividend as outlined in the company's Prospectus. We know the dividend payout ratio is 65% but the Prospectus also states " Implied forecast dividend yield for CY17 at the Offer Price* 7.65%" . The offer price was $1 so for each dollar invested you would recieve 7.65 cents. Are they saying they will pay the dividend at a 65% pay out ratio and implied yield of 7.65% or are they saying they will just pay out the dividend at 65% of the nett profit. If it is the former then they have met guidance.
Maiden Dividend
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Last
66.0¢ |
Change
-0.030(4.35%) |
Mkt cap ! $45.39M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 66.0¢ | $13.11K | 19.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.54pm 01/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
Change
-0.030 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| 69.5¢ | 69.5¢ | 67.5¢ | 2911 | ||
| Last updated 15.48pm 01/05/2024 ? | |||||
| MFD (ASX) Chart |