To dividend or not to dividend?

With an npat of some $17m, all inclusive of sbp and depreciation etc non-cash charges, along with around $64m in the bank post Navabi acquisition (Navabi had 2m euro cash in it) that will be some 4 months old at the time of any potential dividend and additionally earnings accretive, does CCX pay one for the 2021 financial year or does it continue to plead poor or ‘global uncertainty’ for near 3rd year running?

50% npat, call it $8.5m, suggests a 4 cent dividend looks reasonable in the circumstances. Won’t dent cash balance as estimated at 31 December 2021, perfectly affordable and conservative.