No, poster is correct. A $1 dividend would require LTR to payout approx’ $2.2B in a payment plus the extra for tax for fully franked. That would make it approx’ $3.14B out of the bank.
That ain’t going to happen. I’m sure the BOD will release a sensible dividend policy at some stage when the cash is actually building.
A lithium company recently released a policy of between 20-30% of FCF. That resulted in an 11c dividend for 3B shares in a 6 month period. Proportionally, do the maths and LTR would have paid approximately 17c for 6 months. That would be a more realistic guide during a period of exceptional Lithium pricing.
Potential Divs, page-15
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Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $2.000B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 81.3¢ | $9.042M | 10.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 131414 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 31205 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |