The 2013 NPAT was $22.7 million and dividend excluding operating special dividend of 5.3 c/share.
The 2014 NPAT was 15.7 million and dividend was 3.75c/share. The 2015 fin year first half dividend has increased by $3.5 million and we would hope the greater than $2 million extraordinary costs associated with acquiring companies in the 2014 will not happen again. So only $2 million increase in 2nd half operating profit is needed for the full year 2015 profit to equal the 2013 profit outcome. I would suggest a conservative estimate of full year dividend for 2015 should be in excess of 6c/share.
UXC Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
