Investors Lap Up A2 Milk's Maiden Dividend Policy -- Market Talk

Dow Jones11-22

0136 GMT - A2 Milk recovers almost all this month's share-price decline following its introduction of a dividend policy and rosier view of annual revenue. A2 Milk says it plans to pay out 60%-80% of net profit as dividends, sending its Australia-listed stock up 18% to A$5.66. Citi analyst Sam Teeger says the commencement of the policy in 1H of FY 2025 is earlier than the market expected. Consensus expectations had been for its implementation in 1H of FY 2026, says Citi, which has a buy call on A2 Milk. "Further, given how weak the stock has been recently the revenue guidance upgrade (regardless of the driver) should be taken positively," Citi says. A2 Milk now expects FY 2025 revenue to rise by mid-to-high single digits percent. That compares to prior guidance for mid-single digit growth. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 21, 2024 20:36 ET (01:36 GMT)

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A2 Milk says it plans to pay out 60%-80% of ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4019","symbol_name":"再保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485474741","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485474741","pubTimestamp":1732239360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0136 GMT - A2 Milk recovers almost all this month's share-price decline following its introduction of a dividend policy and rosier view of annual revenue. 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