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High hopes for dividend performance

Mark Drummond

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The board of Perth-based Schaffer Corp expects to duplicate its 50¢ interim dividend in the second half after posting a 53 per cent rise in December-half earnings to a record $10.3 million.

Managing director John Schaffer said the interim result gave directors confidence in forecasting a full-year profit of $17.1 million, which would allow a final fully franked dividend of 50¢.

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    Original URL: https://www.afr.com/politics/high-hopes-for-dividend-performance-20030220-k24gl