I have a question:
RE: "A fully franked dividend of 25.5 cents per share was declared.
IOOF has reverted to its dividend payout ratio policy of 60–90% with 25.5 cents per share atthe upper end of this range."
Does this mean that we can expect the NEXT dividend to be more like based on the lower end ir 60% given that the company now gave us the warning?
so, all things being equal, the NEXT div will likely be about 1/3 lower ie 16c say ?
Am I reading that right?
News: IFL IOOF Holdings HY Underlying NPAT Up 5 Pct, page-20
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