Fair Oaks Income Limited announced that it intends to declare future quarterly dividends on the 2021 Shares at a consistent rate of 2 US cents, equivalent to an annual dividend yield of 17% on the current price, with any excess net income available to fund share buybacks. Establishing a consistent level of dividend provides greater certainty about future income for existing and prospective shareholders; based on the last quarter's portfolio cashflows the 2 US cents quarterly dividend would have been healthily covered.
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5-day change | 1st Jan Change | ||
0.575 USD | +0.88% | +0.88% | +0.88% |
Apr. 22 | Fair Oaks Income Limited Appoints Trina Le Noury as a Non-Executive Director | CI |
Apr. 19 | Fair Oaks cuts dividend after performance slumps in 2023 | AN |
1st Jan change | Capi. | |
---|---|---|
+0.88% | 28.45M | |
+3.99% | 12.61B | |
+6.36% | 9.01B | |
-3.41% | 5.41B | |
+3.72% | 5.25B | |
+5.74% | 5.19B | |
+14.40% | 4.48B | |
+16.59% | 4.44B | |
+1.53% | 4B | |
+2.31% | 3.75B |
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