AFG 1.26% $1.57 australian finance group ltd

IMO that's an optimistic view on the dividends and i would like...

  1. mvc
    3,151 Posts.
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    IMO that's an optimistic view on the dividends and i would like that to be the case, but my gut feeling is we will be lucky to get 11 to 12 c divs.

    The line below from AGM is my reasoning, 2021 divs = 13.3c less 16% is 11c, and that assumes the drop in trading results in a proportional drop in div, usually a drop in trading usually results in an even bigger % drop in profits and divs.

    "November trading is performing better but still 16% below the equivalent period in November 2021."

    I wish i could say something more positive
    but it is what it is.
 
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