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Decent Performance in FY 18: Infigen Energy Ltd (ASX:IFN) stock rose 4.03% on August 27, 2018 though the company for FY 18 reported 41% growth in net profit after tax that increased to $45.7 million, 7% rise in revenue and 4% increase in production to 1,549 GWh.
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Moreover, in FY 19, production is expected to increase by up to 14% with Bodangora WF online (~24% in FY20). El Nino wind patterns are projected to return in FY19, which may result in slightly reduced production from individual assets compared to FY18 levels.
The group has also lately invested in Battery Energy Storage System. Meanwhile, IFN stock has fallen 16.22% in three months as on August 24, 2018 and is trading at a P/E of 15.50x.
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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