13 Upcoming Dividends in October (Part II)

Upcoming Dividends

K&S Corporation

 Solid bottom line rise: K&S Corporation Ltd (ASX: KSC) delivered a statutory profit before tax rise of 161.7% yoy to $24.6 million, for the full year ended 30 June 2018. Their Operating revenues surged 13.2% to $854.6 million while underlying profit after tax enhanced 2% yoy to $7.7 million. About $1.3 million in terms of fuel tax credits have been recovered by the group and these related to the period from July 01, 2014 to June 30, 2017.

Dividend ex-date             18/10/18

Dividend pay date            02/11/18

Annual dividend yield     2.78%

Perpetual Equity Investment Company Ltd

 Decrease in NTA: Perpetual Equity Investment Company Ltd (ASX: PIC) reported an NTA before tax ex dividend of $1.126 while NTA after tax ex dividend is $1.116. The ex div NTA figures were reduced by a provision for the 3.3 cents per share final dividend that was declared on 20 August 2018.

Dividend ex-date             18/10/18

Dividend pay date            02/11/18

Annual dividend yield     5.38%

Antipodes Global Investment Company

 Focus on capital preservation: Antipodes Global Investment Company Ltd (ASX: APL) reported a Pre-tax NTA of $1.269. The group picks investments with high margin of safety in view of market’s irrational extrapolation; and develops portfolios with a focus on capital preservation.

Dividend ex-date             19/10/18

Dividend pay date            31/10/18

New Hope Corporation Limited

 Acquire interest in Bengalla: New Hope Corporation Limited (ASX: NHC)  reported a Revenue rise of 28% yoy to $1,079 million in FY18, while Profit before tax and non-regular items rose 96% yoy to $361 million. The group got positive Supreme Court Judicial Review of 2017 Acland Land Court Decision while made agreement to acquire up to a further 40% interest in Bengalla.

Dividend ex-date             19/10/18

Dividend pay date            06/11/18

Annual dividend yield     2.16%

Folkestone Limited

 Acquisition proposal from Charter Hall: Folkestone Limited (ASX: FLK) got an acquisition proposal from Charter Hall for $1.39 cash per Folkestone Share. The Scheme Consideration of $1.39 has the Bidder Consideration of $1.354 cash per Scheme Share; and a fully franked Special Dividend of $0.036 cash per Folkestone Share.

Dividend ex-date             22/10/18

Dividend pay date            02/11/18

Annual dividend yield     2.18%

Sandon Capital Investments Ltd

 Strong Dividend yield: Sandon Capital Investments Ltd (ASX: SNC) reported an NTA before tax rise of 2.3% to $1.0289. SNC outperformed index by 0.7%, 1.6% and 1.3% since the last one month, financial YTD and since inception.

Dividend ex-date             23/10/18

Dividend pay date            02/11/18

Annual dividend yield     7.25%

Acorn Capital Investment Fund Ltd

 Outperforming Index: Acorn Capital Investment Fund Ltd (ASX: ACQ) delivered 11.26% since inception against S&P/Small Ordinaries Accumulation Index return of +10.38%.

Dividend ex-date             24/10/18

Dividend pay date            09/11/18

Annual dividend yield     4.92%

Regional Express Holdings Ltd

 Divesting Air Link: Regional Express Holdings Ltd (ASX: REX) divested their Air Link Pty Ltd. The firm is a major regional airline operating a fleet of more than 40 Saab 340 aircraft on some 1,300 weekly flights to 53 destinations throughout New South Wales, Victoria, Tasmania, South Australia and Queensland.

Dividend ex-date             24/10/18

Dividend pay date            15/11/18

Annual dividend yield     7.41%

Ridley Corporation Ltd

 Positive strategy: Ridley Corporation Ltd (ASX: RIC) reported an operating result of $43.3m despite c.$7.3m loss of Red Lea raw material supply to Maroota rendering business reported during the year.

Dividend ex-date             25/10/18

Dividend pay date            31/10/18

Annual dividend yield     2.86%

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Positive strategy (Source: Company reports)

Premier Investments Limited

 Solid cashflow: Premier Investments Limited (ASX: PMV) delivered an underlying net profit before tax rise of 9.2% yoy to $160.3 million, in FY18. The firm generated a Net cash (including dividends received) rise of 36% yoy to $146.9 million. The firm invested in Myer Holdings Limited at year end.

Dividend ex-date             26/10/18

Dividend pay date            16/11/18

Annual dividend yield     3.41% [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

CTI Logistics Limited

 Positive drivers drove FY18 performance: CTI Logistics Limited (ASX: CLX) reported a revenue rise of 18.4% in FY18 while EBITDA surged 8.7% driven by acquisitions, east coast expansion and despite continued challenging market conditions in Western Australia, noting 60% of the group’s revenue being generated from this state.

Dividend ex-date             30/10/18

Dividend pay date            14/11/18

Annual dividend yield     3.88%

Stanmore Coal Limited

 Rising gross profit: Stanmore Coal Limited (ASX: SMR) delivered Coal’s revenue from operations rising 51% yoy to $208.1 million, in FY18 producing a gross profit of $52.3 million, which is a rise of 55% from prior year.

Dividend ex-date             30/10/18

Dividend pay date            23/11/18

Annual dividend yield     2.34%

Universal Coal Plc

Proposal from Ata Resources: Universal Coal Plc (ASX: UNV) got an offer from consortium of investors (Consortium) led by a private entity from South Africa, Ata Resources Proprietary. Ata Resources, offered a cash consideration of A$0.35 for each Universal Share.

Dividend ex-date             30/10/18

Dividend pay date            03/12/18

Annual dividend yield     6.25%

Dividend Stocks To Buy

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.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

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