Acorn Capital recommits on dividends
Australian listed microcap manager, Acorn Capital has reiterated its intention around annual dividends.
The company repeated its 23 February announcement to the Australian Securities Exchange (ASX) today that intends to pay annual dividends targeting at least three per cent of closing post-tax NTA for each financial year, franked to the highest extent possible without the company incurring a liability.
It said this undertaking was subject to the company having sufficient profit and cashflow to make such payments.
The ASX announcement said that from the current financial year it was the intention to pay part of the dividend as an interim dividend.
The most recent announcement said that over the past 12 months, Acorn had paid a dividend of 0.033 cents per share, fully franked.
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