The following was reported at the bottom of the MTU announcement today on new Board member. A nice reminder of why we should remain long MTU! As profits grow the 70% pay out means dividends just keep getting bigger :-)
M2's consolidated revenues now exceed $360 million (annualised).
M2 has a proven track-record of delivering consistent growth in both revenues and most importantly "bottom line" profit, year-on-year for each of the last 6 years. In recognition of this significant and consistent growth, M2 was named by Business Review Weekly as one of Australia's fastest growing companies in 2003, 2004, 2005, 2006 and 2008 and on the Deloitte Technology Fast 50 in 2004, 2005, 2008 and 2009.
M2 has an established dividend policy, with fully franked dividends exceeding 70% of M2's Net Profit After Tax (NPAT) having been paid to shareholders each fiscal half for four consecutive years, with the most recent being a fully franked final dividend of 3.0 cents per share for the year ended 30 June 2009
SD
MTU Price at posting:
$1.71 Sentiment: LT Buy Disclosure: Held