SMH said it would come in at $240 million. Wrong. It is actually $264 million. The difference is that they are not going to payout a dividend above earnings so the divi has been reduced 8% from .339 to .31 which is incidently the predicted earnings per share. Great. I don't like companies paying out dividends more than earnings. In fact if a company is making more than bank interest I want the money reinvested in the company in the form of buy back or a wise core investment.
smh article was wrong...$264 million
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Last
$1.86 |
Change
-0.015(0.80%) |
Mkt cap ! $7.319B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.86 | $23.61M | 12.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 363234 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 383117 | 5 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| MGR (ASX) Chart |