why assume 10% div ? , page-2

".....why should it give so much away to shareholders?."

Camdenbob,

1. Because CER is an ASX listed entity. It's sole purpose for existence is to make a proifit and to distribute that profit.

2. It has to if it wants to filter funds into CNP. CNP is an ordinary shareholder. They're not holding preference shares or any such alternative instrument in CER.