PBG mangement has indicated a dividend of 3c interim dividend and 3c final dividend against 17c fully franked for the year which just past.With a SP of 43c we are looking at a dividend yield of over 20%.The company has been paying an increasing dividends in the last 4 years since listed.Reducing the dividends to be paid out is certainly a prudent approach to capital management under the current economic enviroment.At this level the SP has also a capital appreciation risk which made PBG very interesting. The usual disclaimer apply, so please dyor as the suitability of PBG in your portfolio or as a short or medium term trade.
PBG Price at posting:
38.9¢ Sentiment: Hold Disclosure: Held
