Tamawood Ltd Declares 11 Cents Interim Dividend
Key points
- 11 cents per share interim dividend fully franked
- Dividend payable on 6 June 2025
- Tamawood remains debt-free despite adverse weather conditions
Full summary
Tamawood Ltd has announced that the Board has declared an interim fully franked dividend of 11 cents per share, payable on 6 June 2025. Based on unaudited management accounts to 31 March 2024, the Tamawood Group remains debt-free, despite adverse weather conditions, including the impact of ex-Tropical Cyclone Alfred. The Board acknowledges that the dividend will prolong the Group's negative retained earnings position, however, the Board is confident this will self-correct over time based on current sales performance. The Board expects the usual uptake in the Dividend Reinvestment Plan.
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