maintaining a high annual dividend payout ratio. It did mean TTS...

maintaining a high annual dividend payout ratio.
It did mean TTS will pay same amount dividend
May pay nothing if NPAT<$0

last FY NPAT=$252m
the following costs have to take from this FY earning
Tatts is also required to pay the State’s costs of the appeal and its costs of the proceedings in the Victorian Supreme Court and Victorian Court of Appeal. Plus own legal fees. and other related costs

court proceedings were more than once and lasted more than one year
total costs would not be cheap