I found Yal had changed its div policy in 2019, which said the company would pay 50% net profit or 50% FCF, on higher base.
In the beginning of this, it paid 910m, nearly 50% of FCF of year 2021, same as the policy.
So, we can easily calculate as below
1H 2.8 cash generated, we supose another 2.8b in 2H, then
2.8+2.8-1.3(G&A exp)-0.3(interest exp)- 0.28(tax)=3.72b FCF
50% means 1.86b, implying div per share is 1.4aud for 2022.
this is really good, will hold to it happens.
yal div policy
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Last
$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $7.526B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.73 | $5.64 | $6.697M | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2250 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 8585 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.69 |
Change
0.070 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| $5.68 | $5.72 | $5.65 | 135878 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| YAL (ASX) Chart |