Deterra Royalties Ltd (AU:DRR) has released an update.
Deterra Royalties Limited has announced a revised dividend policy aimed at balancing shareholder returns with capital growth, maintaining a 100% payout of Net Profit After Tax for FY24’s final dividend, and targeting a minimum of 50% thereafter. The company also plans to introduce a Dividend Reinvestment Plan by the FY24 final dividend, allowing shareholders to reinvest dividends in additional shares without brokerage fees. This change is part of Deterra’s commitment to disciplined capital management and has delivered significant fully franked dividends since its 2020 listing.
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