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IOOF Holdings Limited (ASX:IFL) has reported a record UNPAT of $191.4 million which is up by 13% for FY18. The company has reliable recurring cost management with capital expenditure reduced by $9.4 million and cost to income ratio improved by 5% to 53.1%. IOOF has completed the NATL acquisition. The final fully franked dividend declared is of 27 cents per share and this dividend commitment results in 98% payout ratio in 2H FY18. The record date is August 21, 2018 and payment date is September 4, 2018.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]IOOF has requested to increase the productivity commissionâs default superannuation shortlist, and in the medium term a larger list would be more appropriate. Gross margin outcome, which is a function of product mix shifts and leads to relative line of business contribution. Active management of portfolio of businesses with net operating margin is stable and sustainable.
The stock is trading at a current market price of $8.795 and has seen a daily price change of -2.4%. The stock has seen a performance change of -10.70% over the past 1 year and has a market capitalization of $3.16 billion.
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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