1. Exit Case:
Overview Dyno Nobel Limited (ASX: DNL), through its subsidiaries, is a leading manufacturer and distributor of industrial explosives, chemicals and fertilisers across Australia and the United States. The company’s product portfolio includes packaged explosives such as Powermite cartridge explosives and Dynosplit for pre-split applications, along with a range of ammonium nitrate products used across mining, quarrying and infrastructure sectors.
DNL has been a part of the ‘Value Model Portolio’ since 28 February 2023, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~14.26% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of AUD 3.485, as on January 23, 2026 at 12: 50 PM AEDT.
DNL has maintained a consistent dividend history, including a notable special payment in January 2024 of approximately 10.17 cents per share, which was structured as a capital return rather than a fully franked dividend. Following this major capital return, the company continued with regular distributions, including an interim dividend paid in July 2025 and a final dividend paid in December 2025. The most recent payment was an unfranked final dividend of 9.5 cents per share, paid on December 16, 2025.
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