0010 GMT - Bell Potter cuts dividend expectations for Eagers Automotive through 2028, but keeps a buy call on the stock while signaling the car dealership could beat its forecasts for 1H and 2H this year. It now assumes a dividend of 74 Australian cents a share in 2026, down 7.5% on its prior forecast. Analyst Chris Savage says this reflects a desire for "more clarity on the payout ratio policy going forward post the investment in CanadaOne and the balance between further M&A activity--particularly in Canada--and paying out a dividend." It expects Eagers's dividend to be A$0.80/share and A$0.86/share in FY27 and FY28, respectively. Bell Potter says its 1H and 2H forecasts for this year may turn out to be too low because of continued strong BYD sales and a strong rebound in Toyota sales in 2H.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 08, 2026 20:10 ET (00:10 GMT)
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