Apart from the shifting sands of the share price based yield, that is impressive dividend growth over the years. Back when I bought them in 2009, the annual dividend was 27c/share. Last year it was $1.39
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If MFT can keep ROE above 20% maybe even lower the div?
I don't really think they need advise on how to set the dividend. One of the best boards, chairs and CEO around in any NZ company I know ... and I never had the impression that they do anything to massage the share price. They only look at the long term interest of the company (and with that their staff and shareholders) and their clients.
I trust they will keep it that way.
MFT having another good day. Going to be above $80 in no time!
The impact of Advisor updates and leadership share purchases filtering through, well timed with the wall street bounce...
Breaking News - Shareclarity has updated its MFT valuation
Remains unchanged at $71.81
Hopefully Simplywallstreet has a much higher valuation