Maybe considering announcing the next dividend.
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Maybe considering announcing the next dividend.
Half year results in the bag.
Could get an update in January?
Definitely will get results in late Feb which should include a juicy dividend plus a potential on market share buyback.
Oops Jinxed the run.
Is a dividend likely or expected following the Feb results?
Below from the AGM in November:
Quote:
Mr Bowman will also provide an update on the Company’s dividend policy and signal the potential for additional capital allocation measures: “As a further demonstration of the Board’s confidence, and with reference to our view on cash generation and appropriate levels of leverage, we have made an amendment to Sky’s dividend policy. Going forward, the previously advised pay-out range of 50% to 80% of Free Cash Flow (excluding one-off items) has been increased to 60% to 90% on the same basis. We are also confirming the definition of Free Cash Flow as cashflow from operations less both replacement and growth capex, but excluding one-off items such as material acquisitions or disposals of assets.
So with 145m shares on issue now, their last indications means dividends should be between 12.4cps and 16.5cps.Quote:
“As a result of the change, Sky’s dividend guidance for FY23 has been increased to between $18m and $24m. This change is a positive demonstration of our ongoing commitment to return surplus cash and one that I trust shareholders will appreciate.”
At the AGM the chairman stated all directors and the CEO would be reinvesting their proceeds from the buyback into more shares. Given this hasn’t happened does this imply they have lost faith or something else is going on in the background?