Australian Foundation Investment Co. Ltd. (ASX: AFI) would be paying their $0.14 dividend on August 31, 2018 for shareholders with record on 9 August 2018. The group maintained their dividends at 24 cents for full year ended on 30 June 2018 against pcp. AFI is a listed investment firm who built a diversified portfolio of Australian equities. AFIC managed to beat the S&P/ASX 200 Accumulation Index performance since the last ten years. The portfolio delivered 6.5% per annum for the ten years ended to 30 June 2018 as compared to the Index return of 6.4% per annum. AFIC’s portfolio witnessed a return of 10.8% for one year to June 30, 2018 compared with the S&P/ASX 200 Accumulation Index that delivered 13.0% returns. AFIC’s primary exposure is to companies that have long life assets with low costs and this include BHP Billiton and Rio Tinto.
Portfolio Performance against Index (Source: Company Reports)
Good growth prospects of firms is driving its share prices while the group believes to generate quality returns by picking growing companies to create a long-term shareholder value. The shares of AFI rose over 5.6% in the last three months (as of August 06, 2018) and has a decent 3.77% dividend yield.
Australian Masters Yield Fund No 4
Managed by Walsh & Company Asset Management Pty Limited, Australian Masters Yield Fund No 4 (ASX:AYK) offers retail investors with the access to the wholesale fixed income market cost effective corporate structure. Australian Masters Yield Fund No 4 announced fully franked dividends of $0.29 for the June 2018 quarter payable on 24th August 2018 and the dividend ex-date is August 08, 2018. AYK stock lost over 9.9% in this year to date and has an annual dividend of 5.38%.
Australian Masters Yield Fund No 5
Australian Masters Yield Fund No 5 Limited (ASX: AYZ) is a fund that was associated to a capital raising of $101.1 million through an initial public offering in December 2012, by Walsh & Company Asset Management. The fund offers retail investors the exposure to the market of wholesale fixed income. The fund raised over $101.1 million via IPO in December 2012. The group reported a fully franked dividend of $0.76 per share for the June 2018 quarter, payable on 24 August 2018 and the dividend ex-date is August 08, 2018. AYZ reported an unaudited after-tax NTA per share of $60.20 as at 30 June 2018 as compared to $60.21 on May 2018. AYZ stock fell over 4.5% in the last four weeks and has a dividend yield of 3.75%.
Finbar Group Ltd
Finbar Group Limited (ASX: FRI) is a property development firm with core business being the development of medium to high density residential apartments and commercial property within the Perth Metropolitan Area and the Pilbara within the State of Western Australia. The group forecasts a net profit after tax of over $14 million for FY18 which is better than their April guidance of over $12 million. The group reported that they are witnessing positive signs of market and settlements at their Aire and Aurelia projects went smoothly. Moreover, positive conditions in the Pilbara also enabled them with reverse revaluation impairment cycle which they have experienced for several years. The group announced a final dividend of 3 cents per share fully franked (with ex-dividend date of August 08, 2018) leading to a total dividend of 6 cents per share for FY18. The shares of FRI rose over 2.1% in the last four weeks and have a solid dividend yield of 6.12%.
OceanaGold Corp (ASX: OGC) is a mid-tier gold mining firm with many assets such as Macraes Goldfield Mine, Didipio Gold-Copper Mine and Waihi Gold Mine. The group reported a $0.02 distribution amount for shareholders recorded on August 9th, 2018. For the first half of 2018, the group’s revenue rose 21% yoy to $402.4 million while net profit rose 45% yoy to $89.1 million against pcp. Cash balance rose 45% qoq to $129 million and rose 58% yoy. The group issued a positive guidance with gold production expected to be in the range of 500,000 – 540,000 ounces as compared to 480,000 – 530,000 oz while Copper production is expected to be in the range of 15,000 – 16,000 tonnes. The group expects to control All-In Sustaining Costs to US$725 – US$775 per ounce for 2018. For Haile, they expect a production in the range of 140,000 – 155,000 oz Au as compared to 135,000 – 155,000 oz at an AISC of $725 - $775 / oz. For Didipio, the production is expected to be in the range of 95,000 – 105,000 oz Au as compared to 80,000 – 90,000 oz with AISC expected to be in the range of $260 - $310 / oz sold. At Waihi, the production is expected to be in the range of 75,000 – 85,000 oz Au with AISC expected to be at $750 - $790 / oz. Macraes production is forecasted to be in the range of 190,000 – 200,000 oz Au at an AISC of $950 - $1,000 / oz. The shares of OGC rose over 12.6% in the last four weeks.
The Income available from dividends remains attractive for many investors.
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