Incitec Pivot Limited (ASX:IPL) has completed its share purchase plan (SPP) announced on 11 May 2020.
The SPP has raised nearly AUD57.5 million and follows successful completion of AUD 600 million institutional placement of IPL on 12 May 2020. The Company is expected to issue new fully paid ordinary shares at a per share price of AUD 2.00.
The proceeds of the raising will enable the Company to strengthen its balance sheet and liquidity position.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.