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Mainstream Group cuts final dividend

Mainstream Group Holdings Ltd. lowered its final dividend for the fiscal year ended June 30.

The company declared a 50% franked dividend of 50 Australian cents per share, down from the prior ficsal year's dividend of A$1 per share.

Together with an interim dividend of 75 cents per share, the company's total dividend for the fiscal year came to A$1.25 per share, down from the prior year's total dividend of A$1.50.

The final dividend is payable on Sept. 20 to shareholders on record as of Aug. 29.