Upcoming Dividends – November Part 1

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Upcoming Dividends

Freedom Foods Group Ltd

Focus on innovation, brand and market development : Freedom Foods Group Ltd (ASX: FNP) manufactures nutritious food & beverages specialising in – soy, rice milks and breakfast drinks. The firm is investing on innovation, brand and market development driving their major business divisions and markets. The firm recently finished the new state-of-the-art UHT dairy and plant-based beverage processing facility at Ingleburn, expanded capabilities at Shepparton and Leeton, while invested in packaging formats and technology platforms.

Dividend ex-date             02/11/18

Dividend pay date            30/11/18

Franking                               50%

Annual dividend yield     0.81%

Fy18FY18 performance (Source: Company reports)

Joyce Corporation Ltd

Huge returns despite investments: Joyce Corporation Ltd.’s (ASX: JYC) core activities are foam and furniture manufacturing and also has major shareholding in Bedshed. The group made heavy opex and capex investments in FY18 for their Lloyds Online operations and still managed to deliver a 4 year  compound growth percentage of 79% pa.

Dividend ex-date             05/11/18

Dividend pay date            21/11/18

Franking                               100%

Annual dividend yield     7.01%   

Bisalloy Steel Group Limited

Decent core topline growth: Bisalloy Steel Group Limited (ASX: BIS), Australia’s leading manufacturer of high-strength structural, wear-resistant and armour steel plates using quenched and tempered steel, reported FY18 sales growth of armour grade steels by 55.5% on FY17 while Australian domestic sales surged by 53.6% on FY17, including capture of domestic customers which were previously buying from Bisalloy’s offshore competitors.

Dividend ex-date             06/11/18

Dividend pay date            30/11/18

Franking                               100%

Annual dividend yield     4.3%

Brickworks Limited

Diversification strategy:  Brickworks Limited (ASX: BKW) has been paying dividends since its listing in 1962. Business activities are divided in three Groups including Building Products, Land and Development and Investments. The firm continues to focus on their diversification strategy. Their  inferred net assets rose in value by $504 million to over $3.2 billion in FY18. Consequently their market value of Brickworks stake in WHSP rose by a further $350 million leading to the total inferred assets to almost $3.6 billion.

Dividend ex-date             07/11/18

Dividend pay date            28/11/18

Franking                               100%

Annual dividend yield     3.14%

Waterco Limited

Expanding market opportunity: Waterco Limited (ASX: WAT), a manufacturer of equipment and accessories used at spa and water terminals with operation also into PVC pipes that are used in swimming pools as well as spas, has reported decent result. For FY18, they managed a Net Profit After Tax (NPAT) growth of 7% to $3.95 million, while EBIT grew by 8% to $6.73 million, but performance is below the market expectations. The core Australian and New Zealand Division reported an EBIT rise of 7%, while North America and Europe Division continues to undergo restructuring, and these are the markets of focus to the group, going forward.

Dividend ex-date             08/11/18

Dividend pay date            14/12/18

Franking                               100%

Annual dividend yield     2.4%

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.

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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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