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Dividend Policy
The Board has adopted a strategy whereby the Company will seek to have a normalised quarterly dividend target of $0.625 per share or $2.50 total per share per year.
In addition to the normalised quarterly dividend, each quarter the Board will evaluate how to utilise any potential earnings achieved in excess of the dividend break even level. Such earnings may be retained in the Company to strengthen the balance sheet, they may be used for capital investments, for repurchase of shares or paid out as additional dividend. The decision will be taken based on existing market conditions at the time, and will also take into consideration the need to have a large enough cash position to secure future ordinary dividends.
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COMPANY
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