Sydney Airport Declares The Dividend/Distribution Summary - Share Price Spiked

December 11, 2018 11:55 PM AEDT | By Team Kalkine Media
 Sydney Airport Declares The Dividend/Distribution Summary - Share Price Spiked

On 11 December 2018, Sydney Airport (ASX:SYD) declares a dividend/distribution summary to its investors. The announcement details are as follows: Sydney Airport with the registration number 18165056360 will be giving the distribution on fully paid stapled securities with the distribution amount of A$0.19 per share. The ex-date of the dividend is 28 December 2018, and the record date will be 31 December 2018 at which the company will decide the eligible shareholders who will get benefits of the dividend. The payment date of the dividend will be 14 February 2019. In the meantime, if any investor wants further to reinvest the dividend amount into the stocks of the company, there is also a DRP election date which is on 2 January 2019. Â

There is no requirement of any approval before the dividend distribution of the company. The dividend distribution will be in the Australian dollar. The dividend distribution will include the tax component as well apart from franking credit. For the residents of New Zealand, the dividend payment will be in the New Zealand dollar.

Since SYD got listed on ASX, it has given a positive performance. The performance since inception is 266.52%. Since the last ten years, the performance of the company was 240.26%. Its five years performance is 240.26%. Since last year, the performance of the company is -3.15%.

The half-year results of FY2018 indicates that there was an increase in the passengers by 3.3% which generated a revenue of A$21.6 million. The revenue increased by 7.9% as a result of which is $770.8 million. There was also an increase in the operating expenditure during the period by 7.9%. The EBITDA also increased by 8%. There was an increase in the net operating receipt by 7.5%. As a result of positive performance, there was also an increase in 12.1% earnings per share.

The sources of revenue of SYD were aeronautical Services which contributes around 45% to the total revenues. It was also up by 7.6%. The other sources of income are through retail which provides 23% of the total revenue. It was also up by 8.9%. Property and Car Rental contributes around 15% of the total revenue. Here also a growth of 10.9% is seen. The remaining 11% of the total revenue comes through the parking and ground transport which was also up by 2.1%. All these data are according to on the corresponding prior period.

By the end of the trading on 11 December 2018, the market price of the share increased by 0.847% which is equivalent to 0.06 points. The closing price of the share was $7.140 with the stock reported a market capitalization of A$15.97 billion and PE ratio 44.700x.


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