Tower’s Board has determined that in FY20, Tower will pay a dividend of 50% to 70% of reported NPAT, where prudent to do so.
:t_up:
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Tower’s Board has determined that in FY20, Tower will pay a dividend of 50% to 70% of reported NPAT, where prudent to do so.
:t_up:
Fair enough though if another catastrophic event occurs or unseen event leading to negative cash flow paying dividends would be unwise .
There’s organic growth in the business and when dividends do get introduced this is going to do well as a stock
Been ridiculously patient on this one as well. Considered it my contribution to Christchurch's recovery!
Good to see 60k existing policies on the new platform but will have to wait till 2021 to be complete and for all the old stuff to be turned off and the effeciencies to (hopefully!) drop to the bottom line.
Was anyone at the ASM? The Constitutional changes didn't get enough votes to pass; some of the instos must not have supported. Any explanation at the meeting?