PLS 3.17% $2.75 pilbara minerals limited

I think the dividend is line ball. It could go either way. Quick...

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    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
 
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