Australian business equipment financier, Silver Chef , announced on Tuesday afternoon that it had achieved a substantial increase in profit for the first half of 2009-10, and management consequently doubled the interim dividend from 4¢ to 8¢, as well as raising its full-year earnings per share guidance from 26¢ to 28¢.

It would appear that the company will comfortably pay, or possibly exceed, the consensus forecast dividend of 15¢. While Silver Chef’s share price surged in response to the result, the company’s fundamentals suggest that there could be scope for more upside.