33% dividend on shares

  1. 656 Posts.
    lightbulb Created with Sketch. 11
    Just reading the business section of The Age from Saturday and noticed their quote on Maxis Corp stating that directors bumped up the final franked dividend to 1.01 cent. Now being that the shares are only 3.1 cents, doesnt this mean that the dividend would roughly be equal to 33%.
    Good Announcement was made after market closed on Friday with profits up over 100%, will be keeping an eye on them for Monday!

 
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.