You are correct, it won't stay at 10%. The dividend will either be cut and/or the sp will rally to reflect an ordinary yield. The reality is the sp rallying is far more likely as MFG have a pay out ratio 90%+. The amount of earnings MFG would have to lose to reflect an ordinary yield at its current price is very improbable.
I expect about a 15% div cut but a 50% capital return over the next 6 months or so.
You are correct, it won't stay at 10%. The dividend will either...
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Last
$9.85 |
Change
0.090(0.92%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.93 | $9.77 | $2.846M | 288.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 837 | $9.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.88 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |