2151 GMT - Perpetual's payout ratio is unlikely to be too aggressive when it reports 1H earnings next month, reckons Citi. That's because the Aussie fund manager's debt levels are relatively high, analyst Nigel Pittaway says. Citi now forecasts Perpetual's annual dividend at the bottom end of its target payout range of 60-90% of underlying profit. "We see some risk even this could be optimistic," Citi says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 20, 2025 16:51 ET (21:51 GMT)
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