GRR 4.08% 25.5¢ grange resources limited.

Somebody posted their dividend policy last month that roughly...

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    Somebody posted their dividend policy last month that roughly stated that they would payout 25% of free cashflow as dividends. On my calculations they only had $25mil approx in free cash flow in the six months to 31Dec17 so the max they would pay is around $6mil so that will be half a cent. They had a negative FCF in the first six months to 30Jun17 of around $1.5mil. I hope my cals are wrong but I'm now only expecting half a cent unless they declare a bonus half cent on top. I'm not holding my breath on that.
 
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