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Ricegrowers Limited (ASX:SGLLV) is reducing its dividend to AU$0.30 on the 29th of July. This means the annual payment is 5.3% of the current stock price, which is above the average for the industry.
Check out our latest analysis for Ricegrowers
Ricegrowers' Dividend Is Well Covered By Earnings
Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Prior to this announcement, the company was paying out 112% of what it was earning and 85% of cash ...
>>> Read more: Ricegrowers (ASX:SGLLV) Has Announced That Its Dividend Will Be Reduced To AU$0.30
Check out our latest analysis for Ricegrowers
Ricegrowers' Dividend Is Well Covered By Earnings
Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Prior to this announcement, the company was paying out 112% of what it was earning and 85% of cash ...
>>> Read more: Ricegrowers (ASX:SGLLV) Has Announced That Its Dividend Will Be Reduced To AU$0.30
