Cavalier gives shareholders reason for hope; no dividend yet

Thu, 21 Feb 2019

By Jenny Ruth Feb. 22 (BusinessDesk) - Cavalier Corp’s investors might allow themselves to believe the company is turning a corner after it reported a first-half result at the upper end of guidance following a similar performance in the previous financial year. Nevertheless, the board isn’t ready to resume dividend payments – the last dividend Cavalier paid was 3 cents per share for the six months ended December 2013. “While no interim dividend has been declared, the company remains committed to the reintroduction of dividends as part...

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