Vehicle tracking and fleet management specialist Cartrack could adopt a more conservative dividend policy if acquisitions pop up on the company’s radar. In interim results to end-August, Cartrack said the targeted dividend cover of between 1.25 and 1.55 times headline earnings would be revised to provide for cover of between 1.25 and 2.5 times headline earnings. The interim dividend was pegged at 20c per share — covered 1.9 times by headline earnings of 38c per share. Expectations are that the final dividend cover for the 2017 financial year will be between 1.75 and 2.5 times headline earnings.
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