Strong FY 18 Performance: Super Retail Group Ltd.âs (ASX:SUL) stock surged about 8% on August 21, 2018 (before market close) as the company for FY 18 reported 7% rise in Normalised Net Profit After Tax (NPAT) to $145.3 million. The total group sales grew 4.2% to $2.57 billion and delivered 5.9% growth in EBIT to $219.6 million.
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The operating cash flow in 2018 is $73.9 million higher to $308.4 million than pcp. SUL has completed the acquisition of Macpac for NZ$144.0 million and this has been effective from 31 March 2018. Additionally, SUL has declared the final dividend of 27.5 cents, that brings a full year dividend to 49.0 cents. As a result, SUL stock has risen 9.36% in three months as on August 20, 2018Â and is trading at a P/E of 18.04x.
The Income available from dividends remains attractive for many investors.
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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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