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clock Created with Sketch. 25/02/17
21:24
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Originally posted by marketmaker
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ALF has cut the dividend as I had suspected in one of my earlier posts. They've moved the dividend to 4c this half and only 50% franked! That means on a gross basis the dividend has declined from 7.1c (5c fully franked) to 4.9c. That is a 31% decline - quite a nasty surprise for those who rely on the sustainability of this dividend.
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Thanks for this, much appreciated. Is the extra transfer to profit reserves accounted for by the overall reduction in equity from $361.7m to $354.4m? That's a change of ($7.3m), which is equal to the dividends already paid ($11.5m) plus the profit $4.2m. Does that mean they're eating into capital to pay the dividend?
