Drew Meredith

speaker

386 appearances 1 recordings 1 series first heard Jan 2023 last heard Jan 2023

Drew Meredith’s voice in public audio — every appearance, attributed to the second.

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And you got no growth out of it.

So it depends on your objective and if you can offset that with growth somewhere else.

But I personally, I think, and my view is that

It is entering a period where it has the potential to grow and that comes because it reset its dividend.

It used to pay 7% or 8%.

Now it's paying 4%.

So it's kind of reset its dividend and hopefully reinvesting to allow the dividend to grow finally again.

Dividend extends cents for the last four years.

16?

Before that it was 30.

So that's when in 2018.

They essentially cut it in half, share price tanked.

They did what retirees did not want them to do.

And that allowed them to reset.

That was when the worst of the MBM was kind of hitting.

Reinvest, start simplifying your business.

And then it's slowly increased for the first time.

There's a lot of that in mining companies at the moment where you've got great coal, I think you covered recently.

They've got incredible strength in the coal price, but dividends will fluctuate with the price of that single commodity.

Do you own any of these?

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