What are MM’s current thoughts on Betashares Australian Resources Sector ETF (QRE)?
MM wrote recently (20.03.23) about QRE (Betashares Australian Resources Sector ETF) as an option MM is considering 5% lower. QRE has since (as of today, 27.02.23) fallen approximately 5%, although I appreciate given MM’s recent comments about resources/the resource sector that this ETF may remain on your watchlist at present. My question is related to distributions. Provided the information I am looking at is correct, QRE’s last final distribution was approximately $0.856 franked at 68.03%. What are MM’s (and other analysts, if known) expectations for: 1) the upcoming final dividend payable in July 2023; and 2) related to the above point but more generally, second half dividends for dividend-paying resource stocks as a whole compared to H1 FY23 and H2 FY22? Does MM (and other analysts, if known) expect more conservatism in dividends paid and/or more of an emphasis on retaining capital for growth purposes? Thank you, Darren
