Seven dividend stories of the day one shouldn’t miss

  • February 24, 2021 01:38 PM AEDT
  • Ashish
    Financial Journalist Ashish
    46 Posts

    Ashish is a Financial Journalist with an experience of nearly 9 years in the field of economy, stock market and foreign affairs. He has also spent a few years in the corporate sector. A mechanical engineer with post-graduation in marketing and operat...

Seven dividend stories of the day one shouldn’t miss

Source: Shutterstock

Summary

  • Amid the ongoing earnings season, a few more companies announced their financial results on Wednesday. 
  • While IOOF slashed the interim ordinary dividend by half, Healius declared a dividend of 6.5 cents, representing a 55 per cent payout ratio. 
  • The investors closely track the dividend announcements to draft their investment strategy.
Gold MTF non-AMP

Amid the ongoing earnings season, a few more companies announced their financial results on Wednesday. Among the prominent names were Eagers Automotive Ltd, IOOF Holdings Ltd, Healius Ltd, and Ridley Corporation Ltd. While IOOF slashed the interim ordinary dividend by half, Healius declared a dividend of 6.5 cents, representing a 55 per cent payout ratio. The investors closely track the dividend announcements to draft their investment strategies. Here are seven dividend stories for the day:

Image Source: © Robynmac | Megapixl.com

Eagers Automotive (ASX:APE)

Eagers Automotive Ltd’s board declared a dividend of 25 cents per share for FY2020 to be paid on 20 April 2021. In FY2019, the company paid a dividend of 11.25 cents per share. The net profit after tax (NPAT) rose to A$156.2 million, from a loss of $139.6 million in the previous year. The revenue jumped to A$8.7 billion, from A$5.8 billion. By 12:09 AM (AEDT), the shares of Eagers Automotive were trading at A$12.29, down 1 point, or 7.52 per cent.

IOOF (ASX:IFL)

IOOF Holdings Ltd slashed its interim ordinary dividend by half from last year after the net profit recorded over 50 per cent fall for the six months ended 31 December 2020. IOOF announced an interim ordinary dividend of 8 cents a share, and a special dividend of 3.5 cents a share. The company’s revenue surged 35.1 per cent to A$709.2 million, while its net profit fell 52.7 per cent to A$54.4 million. By 12:09 AM (AEDT), the shares of IOOF were trading at A$3.40, up 0.12 points, or 3.66 per cent.

Ridley (ASX:RIC)

Despite a rise in both profit and earnings in 1H FY21, Ridley Corporation Ltd didn’t declare an interim dividend. While the profit jumped to A$11.6 million, EBITDA from ongoing operations climbed to A$37.6 million for the half year ended 31 December 2020. The revenue declined to A$470.2 million. By 12:09 AM (AEDT), the shares of Ridley were trading flat at A$0.97.

Image Source: © Cmmeraydave | Megapixl.com

Deterra (ASX:DRR)

Deterra Royalties Ltd announced that it would pay an interim dividend of 2.45 cents per share (fully franked), equal to 100 per cent of the post-demerger period (NPAT declared). From 15 June 2020 to 31 December 2020, the company would pay A$33.3 million in dividends equal to 6.31 cents per share. The company reported a maiden net profit of A$33.9 million on royalties of A$53.9 million for the period. It recorded an underlying EBITDA of $47.8 million. By 12:09 AM (AEDT), the shares of Deterra were trading at A$4.63, down 0.17 points, or 3.54 per cent.

Healius (ASX:HLS)

Healius Ltd declared a dividend of 6.5 cents, representing a 55 per cent payout ratio. Healius Ltd reported A$953.5 million underlying revenue in the first six months of FY2021. The net profit after-tax from continuing operations surged 1.2 per cent to A$73.8 million. By 12:09 AM (AEDT), the shares of Healius were trading at A$4.04, up 0.14 points, or 3.72 per cent.

Viva Energy (ASX:VEA

Viva Energy Group Ltd will not pay a final dividend for the 2020 financial year due to a fall in earnings in its commercial and refining businesses. The Group EBITDA declined by 19.4 per cent to A$519.4 million. The Group reported a net loss of A$35.9 million. By 12:09 AM (AEDT), the shares of Viva Energy were trading at A$1.68, up 0.020 points, or 1.20 per cent.

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Blackmores (ASX:BKL)

Blackmores Ltd said that it would pay 29 cents per share interim dividend against zero dividend per share in the prior corresponding period.

The company reported a half-year FY2021 profit, up 3.7 per cent to A$18.9 million, on sales of A$302.6 millionBy 12:09 AM (AEDT), the shares of Blackmores were trading at A$81.56, up 7.46 points, or 10.07 per cent.


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