and share buybacks and instead focus on long-term growth, Mike Kane, chief executive of concrete giant Boral, said the company did not "wait for direction from politicians on making business decisions".
On the back of a better-than-expected profit, Fortescue declared a fully franked 24¢ final dividend, bringing total dividend payments for the financial year to $1.14 a share, a 396 per cent increase on the previous year. "Shareholders have a right to expect some sort of yield from their investment and that yield helps stimulate the economy ... as part of consumer spending in Australia."Despite the bumper dividend announcement, Ms Gaines said Fortescue had announced two major projects in the past 18 months – Eliwana and Iron Bridge – "totalling $US3.75 billion, creating 5000 jobs during construction and 14,000 jobs once operating".
Thats why as a politician you should never try and carry favor with the business community, they're just like drug addicts, their greed is insatiable. auspol
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