I think the dividend is line ball. It could go either way.
Quick math from the June quarterly for FY24:
*707.1kt spod sales.
*Average sale price US$1176/t
*Unit costs CIF US$537/t
*Unit profit US$639/t
Profit = 707.1k x US$639 = US$452M =AUD$690M
Tax = 30%
Profit after tax = $690M - 30% = $483M
Shares on issue = 3.1B
Dividend payout ratio of 30%
Final Dividend = ($483M*0.3) / 3.1B = 4.7c per share
Spodumene Prices, page-4620
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Last
$2.86 |
Change
-0.140(4.67%) |
Mkt cap ! $8.597B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.84 | $51.45M | 17.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 309608 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 44060 | 11 |
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| Last trade - 14.00pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |