YAL 0.88% $5.76 yancoal australia limited

Will the YAL final dividend hit $1.50?, page-33

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    Assumptions (heck there are always assumptions)

    2022

    Sales 29m
    average profit per tonne $250.00
    tax 30%
    Shares on issue 1.32b
    Minimum payout ratio 50% of profits after tax
    HY payout $696m

    29m x $250.00 = $7.25b - $2.175b tax = $5.075b x .5 = $2.537.5b total dividends for 2022

    $2.537.5b - 0.696b HY = $1.841.5b FY/1.32b shares = $1.39

    Push around the variables & the numbers are still huge

    I would hazard $1.50 is the minimum....
 
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