As the Equity Raising is expected to complete in December 2016,...

As the Equity Raising is expected to complete in December 2016, Boral’s shares outstanding will initially increase without a corresponding increase in earnings until the Acquisition is completed (expected mid calendar year 2017). Notwithstanding that it will result in a temporary increase in Boral's dividend payout ratio, it is Boral's intention to maintain dividend payment per share for its 2017 interim dividend at levels consistent with recent periods, which will apply equally to existing shares and New Shares issued pursuant to the Equity Raising, subject to the Company’s financial position.

I guess that means the cake will have to be spread around some more mouths which means a smaller

piece each come divi time in Feb.......