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 a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com