MIR Report

Archive

Cavalier Corporation (CAV) (MIR 667)

CAV

SUBSCRIBER CONTENT LOGIN IN or SUBSCRIBE

All subscriber content available preview.

The wool scouring and carpets company (CAV) has been an indifferent performer for many years but it has made up for that by being a regular payer of a generous dividend yield, which over the past 10 years has averaged 9% including imputation credits. A profit warning and the cutting of one of its two interim dividends therefore were particularly shocking and investors quickly deserted the shares. On one day this week, it lost 17.4% to $1.90, returning it to its multi-yea ...
No Comment.

Login to Leave a comment