Declared Dividend • Feb 20First half dividend of AU$0.095 announcedShareholders will receive a dividend of AU$0.095. Ex-date: 25th February 2026 Payment date: 16th April 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (219% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 143% to bring the payout ratio under control, which is more than the 57% EPS growth achieved over the last 5 years.
New Risk • Feb 19New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 201% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 201% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (45% net profit margin).
Announcement • Nov 26Change of Company Secretary Announces Change of Company Secretary, Effective 26 November 2025The Directors of Hearts and Minds Investments Limited advised that Ms Eryl Baron has resigned as Company Secretary and Ms Natalie Climo has been appointed Company Secretary, effective 26 November 2025.