Having a quick look, it seems that VEI had a policy of a strong dividend payout relative to eanrings. Although if divis recommnece next ear as the last couple of presos seem to indicate is possible, i would assume a payout of around 4-5 cents fully franked is possible which on todays price would equate to an 8% grossed up
ofcpurse if they did that, the SP would likely move higher , which is also a plus
I bought a few more ( only 15k units at 69.5 this morning )and in line again for the same amount now
VEI Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held