There is no more bid coming, they pretty much achieved what they...

There is no more bid coming, they pretty much achieved what they want out of this
a minimum of 30% (got it) and above 34.5% they pay $7.40

Even if they want to they don't have the balance sheet to go over 35%, their balance sheet will be stretched close to their limit
based on their set target. They need extra equity injection or they would break their own oath about strong balance sheet and capital discipline

They used it again in the recent equity raising
CONSISTENT WITH SGH STRATEGY & TRACK RECORD OF EXECUTION: disciplined capital allocation, recent strategic and opportunistic acquisitions, history of maintaining dividend payments.

Their dividend have never went backward in all cycles, either stable or rising only and to do that they need to keep that strong balance sheet oath