Originally Posted by
Beagle
Looking forward to the annual result on 22 August and the juicy dividend in Sept.
Interesting tidbit for anyone contemplating this for dividend income. Chris Luxon mentioned at the half year result conference call that AIR had only reduced its dividends twice before. After 9/11 and the GFC.
22 cents fully imputed per annum = 30.56 cents per share gross and on $2.75 that's 11.1% ! I think barring a major exogenous shock of the type referred to in this post, that's sustainable for the foreseeable future and with interest rates so incredibly low, basically in unchartered territory, its highly attractive for dividend hounds.
Sure there's risk, but there's risk in every share.