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Class Limitedâs share price continues to recover from recent past sell-down. The stock has surged by 2.32% to $1.985 as on 10 September 2018 (6:27 PM AEST). Since the start of fiscal year 2019 the stock of financial services provider Class Limited (ASX:CL1) has been mostly seen in the red. The companyâs share price has fallen by 17.29% over the past two months.
In FY18 full year results, the company posted 9% increase in net profit after tax to $8.7 million on the back of 18% rise in revenue. Company has achieved operating revenue of $34 million driven by increased market share in SMSF software. Earnings before interest, tax, depreciation and amortization (EBITDA) increased 14% to $15.9 million in the year ended 30 June 2018. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
The Board of Directors have declared a fully franked interim dividend of 2.5 cents per share, paid on 7 March 2018. Earnings per share was 7.4 cents, up 8% compared to previous corresponding year.
Further, the company notified that the 2018 Annual General Meeting would be held on 15 October at Sydney, New south Wales.
The stock has seen a negative performance change of 42.26% over the past one year.
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 companyâs 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. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
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The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
