Brief: Solvar Says It Is Increasing Maximum Dividend Payout Ratio To 90%
18/04/2023 02:21
April 18 (Reuters) - Solvar Ltd SVR.AX :
* INCREASING MAXIMUM DIVIDEND PAYOUT RATIO TO 90% OF NET
PROFIT
AFTER TAX COMMENCING WITH FY23 FINAL DIVIDEND
* ANNOUNCES A CAPITAL MANAGEMENT FRAMEWORK TARGETING HIGHER
SHAREHOLDER RETURNS
* ON-MARKET SHARE BUY-BACK PROGRAM FOR A TOTAL OF A$15.0M
ANTICIPATED TO CONCLUDE IN NEAR FUTURE
Source text for Eikon: ID:nASXbflF1j
Further company coverage: SVR.AX
((Reuters.Briefs@thomsonreuters.com;))
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