Q: Good morning everyone at 5i!
Quick question...does PSI increase its dividend yearly? And of so how long has it consistently doing so??
Cheers,
Tamara
Quick question...does PSI increase its dividend yearly? And of so how long has it consistently doing so??
Cheers,
Tamara
5i Research Answer:
Prior to FY2020, PSI did have a track record of sustainable and growing dividends over the years. That said, PSI did cut the dividend back in the depth of the pandemic in 2020. PSI cut its quarterly dividends from $0.19 per share to $0.05 during COVID, and the dividend payment now is around $0.13 quarterly, which still does not get it back to pre-pandemic level.