Ava Risk Group Limited (ASX:AVA) is pleased to announce a Special Dividend. Shareholders as at the Record Date of 24 September 2020 will receive an unfranked dividend of $0.01 per share, paid on 23 October 2020.

Fantastic news! Parts of their business are reliant on non-recurring revenue, so to pay a special dividend shows that they are confident in the upcoming order book. 

I anticipate that this means the service business is continuing it's strong growth and there may also be some Aura IQ conveyor monitoring contracts on the way. Three POV trials have been completed and there are now another 6 underway. I love this part of the annual report...

"In a recent Proof of Value (POV) Trial with a large multinational group, Aura IQ was used to monitor a 1.7km conveyor located in an underground coal mine in Queensland. In terms of business outcomes, the estimated financial benefits/costs savings per year were estimated to be A$37.1 million per annum, with utilisation time up by 5%*. These types of outcomes are indicative of how Aura IQ can increase productivity, maintenance efficiency and cost savings. Since its launch, interest in Aura IQ has been significant with a diverse portfolio of rollout opportunities spread across six regions, 21 countries and five industry sectors - totalling over $50+ million in potential total contract value."