Mayfield Group Holdings Limited has doubled the amount of the final dividend

Mayfield Group Holdings Limited (ASX: MYG) announced a fully franked final dividend of 2 cents per share for the fiscal year ending on 30 June 2024. This marks a significant increase from the previous year's final dividend of 1 cent per share.

The company's substantial business operations have resulted in an unaudited cash reserve of AU$16.3 million as of 30 June 2024. The decision to distribute a dividend of 2 cents per share will result in a total payout of AU$1.829 million to shareholders. The Board plans to continue paying dividends to shareholders on a six-monthly basis, with all dividends expected to be fully franked in the foreseeable future.

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