Good place to work. I just had a browse at the annual report. Argosy appears to have 36 employees, of which 19 earn over $200k a year.
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Good place to work. I just had a browse at the annual report. Argosy appears to have 36 employees, of which 19 earn over $200k a year.
Well, dividend guidance for FY25 has been maintained at the current 6.65cps albeit with some cautious comments around economic conditions generally. Payout will require to be at the very high end of expected AFFO to achieve that so let us hope no reason arises subsequently to resile from that guidance.
Argosy says it expects its dividend payout ratio to be at the top end of the 85-100% of AFFO - over a 3 year rolling period. In 2023 the ratio was 97% and 2024 it was 96%. So conceivable they could pay out 105-106% of AFFO for 2025 and still keep the rolling 3 year average under 100%.