ASX:PL8Capital Markets
Plato Income Maximiser (ASX:PL8) Shares Face Dividend Cover Questions
Plato Income Maximiser came into this result with the stock edging higher over the past quarter and trading at A$1.43, on a P/E of 25.6x that already priced in a solid income story. The headline from this earnings release is not the revenue line. It is the pressure around how that income is funded. A 4.62% dividend yield may look appealing, yet it has not been well covered by earnings or free cash flow over the past year. This puts the fund’s income promise under a harsher spotlight.
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