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Myriam Robin

At least Evans Dixon shareholders still have the dividend

Myriam RobinRear Window editor

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The nice thing about clipping the ticket is you get to do it on the way up and on the way down. While Evans Dixon's already embattled fund management operations have (along with almost everyone else's) taken a beating of late, at least its brokerage revenues are up.

So, despite an 18.1 per cent share price decline in March alone, it's spending some $6 million of its $30 million in net cash on its dividend. Pandemic be damned.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/at-least-evans-dixon-shareholders-still-have-the-dividend-20200401-p54fy0