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Shriro Holdings Limited (ASX:SHM)

ALERT: Price-sensitive ASX Announcement for SHM
Current share price for SHM : $0.705 -0.075 (-9.62%)+
Announcement
Release
30 Mar 2026 9:17AM
Price at Release
$0.780
Full Release
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Summary
Shriro Holdings Limited has announced the adoption of a dividend policy targeting the distribution of approximately 20% to 30% of net profit after tax each financial year. The payment of dividends will depend on the availability of franking credits and remain at the discretion of the Board. The Board will evaluate various factors such as financial results, cash flow, capital management strategy, growth opportunities, and overall financial position before declaring dividends. This policy aims to balance shareholder returns with retaining capital for operations and strategic goals. The Board may adjust the dividend payout ratio based on changing circumstances. This announcement was authorized by the Board of Directors of Shriro Holdings Ltd.
Key Points
  • Dividend policy targets 20% to 30% distribution of net profit after tax.
  • Dividend payments depend on franking credits and Board discretion.
  • Factors considered include financial results, cash flow, and growth opportunities.
  • Policy balances shareholder returns with operational capital needs.
  • Board may adjust the payout ratio based on circumstances.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.