Dividend Shares Under Investors' Radar - AX1, AVN, TCL

Companies with higher dividend payout have generally been on the investors’ radar. The dividend paid to shareholders is a part of the profit generated from the operations, which management intends to distribute amongst its shareholders. Higher dividend also depicts the prospects of future profitability. Here, we are discussing a few stocks from the dividend point of view.

Accent Group Limited (ASX: AX1)

Accent Group Limited (ASX: AX1) known for its higher dividend payout, reported EBITDA of $61.26 million, and NPAT of $32.15 million with pcp growth of 23.3% and 27.3%, respectively, largely supported by the strong revenue growth and gross margin improvement. Strong cash on hand stood at $40.1 million. The strong profit and cash conversion enabled the company to announce a fully franked interim ordinary dividend of 4.50 cents/share, witnessing an upside of 50% on the prior year interim dividend. This 4.5 cents represents 79.1% of the H1 diluted earnings per share. On 21st March 2019, the dividend was payable to shareholders.

Dividend History (Source: ASX)

Going forward, the company targets a dividend payout ratio of 75% to 80% of NPAT.

On the basis of strong growth in the bottom line and operating cash flow in the first half and continued expected strong earnings in the second half, the management has decided to re-align the dividend payout to more closely reflect the EPS and cash flow generated for each six months.

At market close on 24th April 2019, AX1’s stock was trading at $1.675, with an annual dividend yield of 5.11% and the market cap of approximately $874.1 million.

Aventus Group (ASX: AVN)

Aventus Group (ASX: AVN) in its recent updates advised the DRP (Distribution Re-Investment Plan) issue price at $2.21/stapled security for the period ended 31st March 2019. The DRP stapled securities will be considered equal to existing stapled securities and be issued on the date of distribution payment date, which is 22nd May 2019.

In the half-yearly results announcement, the company informed that it has operated a DRP, under which the existing shareholders may choose to reinvest all or partial dividends in new securities in lieu of being paid in cash.

AVN earlier updated that it has successfully completed a debt refinancing of $200 million. The tenure of current $200 million debt that will end in October 2020 has been replaced with the new debt facilities, which will mature in October 2023.

Dividend History (Source: ASX)

At market close on 24th April 2019, the stock of AVN was trading at $2.270, with an annual dividend yield of 7.28% and a market capitalisation of approximately $1.21 billion.

Transurban Group (ASX: TCL)

Transurban Group (ASX: TCL) recently released its March quarter update stating that ADT (Average Daily Traffic) saw a growth of 2.3% on account of good response across all markets. Sydney average daily traffic rose 2.1% to 813,000 trips, with 0.9% growth in average weekend/public holiday traffic and a 2.5% growth in average workday traffic. Growth in Melbourne ADT at 3.1% saw total 856,000 transactions. Brisbane ADT and North America ADT increased by 1.1% and 2.9%, respectively.

Dividend History (Source: ASX)

The stock is trading close to its 52-week high. At market close on 24th April 2019, TCL’s stock was trading at a price of $13.650 with the dividend yield of 4.27% and a market cap of ~$35.74 billion.


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