Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Great Podcasts and valued commentary. (DRR) appears to represent reasonable Value at current prices. Last year you were concerned about the purchase of Trident Royalties UK and the subsequent 50% cut in Dividend payout for the future.. I would appreciate you thoughts looking forward
Hi Richard,
Thanks for the feedback, we certainly are planning for more webinars and podcasts moving forward.
Deterra (DRR) is a fascinating stock, it’s a great dividend/yield stock as long as it doesn’t consider further major acquisitions. DRR recently reduced its dividend payout to fund strategic growth initiatives, including the acquisition of Trident Royalties Plc. Previously, Deterra maintained a dividend payout ratio of 100% of its net profit after tax (NPAT). However, in June 2024, the company announced a revised dividend policy, maintaining a 100% payout for the final dividend of FY24 but targeting a minimum of 50% payout from FY25 onwards.
They are slowly building a war-chest for growth and diversification. We like the stock under $3.50 for income.
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