Propel Funeral (ASX: PFP) stock rebounded by 9.091% to $3.00 on 28 August 2018 after the company announced more than double of pro forma net profit after tax for the year ended 30 June 2018.
Pro forma operating NPAT increased 125% to $12.3 million as revenue increased to $80.9 million from $46.1 million in FY17. Pro forma operating earnings before interest tax, depreciation and amortization grew 75%, ahead of expectation to $21.5 million in FY18.
In the year of its official listing on ASX, the company has completed three acquisitions which includes Seasonal Funerals, Brindley Group and Norwood Park. As at 30 June 2018, the company poses healthy balance sheet with cash of $28.3 million and new $50 million undrawn debt facility.
The board has declared a fully franked dividend of 6.4 cents per share, payable on 5 October 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
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