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2 sens dividend declared (+100%) woohoo! Under current pressure and uncertainties from covid19 and CMCO impact, companies usually conserve cash if possible. Paying more dividend simply means a company's earnings have greatly increased and cash flow has improved better.
yaa earned a lot and good position. want to declare dividend need solvency test whether the company able to survive or not after pay dividend. hehe i'm auditor so i know a bit on this. #newbie
imagine yourself running a business. Last year you made a profit of 1 million and u gave bonus of 1k each to your employees. This year you made 2 million in just first half of the year, will u give the same 1k bonus or will you double it? If you dont have the means to double it, it will hurt your pocket deeply in return. It is obvious that their earnings have greatly increased.
