So they will be retaining profits to grow the company, let's hope it all goes to plan.
The result as I read it are very good, the market looks to see it differently for some reason, maybe due to the reduced dividend, but you need to pay for growth.
“In an expanding market with brokers the dominant channel for delivery of customers to lenders, the AFG
Board of Directors see opportunities to deploy capital to grow shareholder returns,” he said. “Therefore,
they have determined to pay a fully franked interim dividend of 3.8 cents per share, representing a 60 per
cent dividend payout ratio.”
So they will be retaining profits to grow the company, let's...
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Last
$2.25 |
Change
-0.040(1.75%) |
Mkt cap ! $609.2M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.30 | $2.23 | $1.024M | 453.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1701 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 2158 | 2 |
View Market Depth
| Last trade - 16.10pm 11/08/2025 (20 minute delay) ? |
| AFG (ASX) Chart |