On 11 April they will be paying a FF 7.5c divvy (same as last year's interim). Its already on an annualised DY of 10.9%. If the final is 9.5c (as was last year's) that DY increases to 12.3% or 17.6% with the franking credits. An SP even lower than it is now will send this DY through the roof. Whats not to like about SKE, particularly in the short term? In the longer term, the PRG t/o may or may not play out - either way a boost to the SP - IF YOU BELEIVE IN CONSPIRACIES!
SKE Price at posting:
$1.37 Sentiment: Buy Disclosure: Held