ABN 33 006 713 177
LEVEL20 TEL(613) 9654 0499 101 COLLINSSTREETFAX(613) 9654 3499 MELBOURNEVIC3000 AUSTRALIA18 October 2016
The General Manager
Australian Securities Exchange Limited Company Announcements Office Exchange Centre
20 Bond Street
Sydney NSW 2000
Dear Sir,
DIVIDEND OUTLOOKIn response to a question at today's Annual General Meeting regarding the outlook for dividends paid by the Company, the Chairman noted the decline in the Company's dividend income particularly from the Resources sector. He said however that the Board expected to maintain the dividend at 14¢ per share for the financial year to 30 June 2017, notwithstanding that this may represent a payout ratio of dividends paid to after tax profit (excluding special dividends received) of around 104%. The Company would, if necessary, utilise profits retained in prior years so as to maintain the dividend.
Yours sincerely, A J Hancock
Company Secretary
Diversified United Investment Limited published this content on 18 October 2016 and is solely responsible for the information contained herein.
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