From what I can tell this a solid business making good and reliable income, and pays out that income in dividends.
they provide
- salary packaging
- novated car leasing
- fleet management
- NDIS stuff
Looks like they're not a growing business, but their income is reliable and they just pay it all out as dividends.
You can see in the chart below their dividend payout has been ~7%-10% since 2008 (green). Their net income has been fairly reliable (purple)
I don't think it's for me, because I prefer growth over dividends, I'm earning a decent income and dividends means I lose to the tax man. Thought it might suit those nearing retirement
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