If we are looking for possible reasons for such a forecast, I can only imagine the forecaster was like a few other analysts in suggesting SHV gave out too much dividend last year. They may be anticipating the company preserving more cash over the next two years to get debt down before resuming more generous dividends.
Personally, I would expect to see approximately 65 to 70 % of profit going to dividends. Having a DRP enables a fair bit of the cash to be retained anyway.
SHV, page-4
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Last
$3.54 |
Change
-0.050(1.39%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| $3.60 | $3.61 | $3.49 | $519.6K | 147.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 435 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.55 | 774 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| SHV (ASX) Chart |