Dividend is when company have cash and don't know what to do with it. Example are oil stocks. Due to ESG- oil is bad so there is less spending for exploration and CAPEX. Cash pile getting so big, that they give it to shareholders. PEN need money for Stage 2 but... market will start to price Stage 2 expansion.
Then when Stage 2 is completed and cash flow will be huge, dividend can come because there will be not much to spend this money for.
Dividend is when company have cash and don't know what to do...
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
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