This is complicated. From 10,000 to 150,000 MT over a 5-year period represents super fast growth. You would expect SIAF to have a P/E of 20 and TRW 60.
So you won't be able to support the share price with dividends.
I've said before that fast growing companies NEVER trade at P/E's of 1 or 2. Not even 5. Not even Chinese companies on OTC. Well, it has been confirmed again because SIAF wasn't growing at all.
So I think the practical solution would be to announce 4 quarterly cash dividends of 10c each. Take it to 4 x 15c a year from now. Why is this a superior approach? Because investors know exactly what to expect. Because management knows exactly how much to spend. And we can then focus on what matters longer term. Growth.