A look at 4 fully franked dividend stocks - PTM, CSR, FMG, MIN

Highlights

  • PTM, CSR, FMG, and MIN delivered strong results in FY2021 and provided a 100% franked dividend.
  • Platinum Asset Management announced its plan to increase its on-market share buyback for equal to 10% of its issued share capital.
  • CSR has sold all available sites at Horsley Park.
  • Fortescue Metals announced the appointment of a Chief Operating Officer.

ASX 200 includes the top 200 companies with a market cap between AU$380 million and over AU$100 billion. Many companies listed on ASX 200 are well-established and have a history of providing dividends to their shareholders.

Few of them provide 100% franked dividends, while many provide a partially franked dividend. The franked dividend removes the double taxation of dividends. This article will look at few ASX 200 listed companies that provide 100% franked dividends.

Platinum Asset Management Limited (ASX:PTM)

Fund management company Platinum Asset Management Limited delivered a strong result in FY2021. It witnessed a 5.9% jump in revenue to AU$316.419 million and net profit by 4.9% to AU$163.258 million. Fund Under Management as of 30 June 2021 was AU$23.5 billion, up 10% compared to the previous corresponding period.

PTM dividend

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Recently, the Company revealed its plan to increase its on-market share buyback for equal to 10% of its issued share capital for equal to 12 months commencing from 4 October 2021. It was supposed to lodge a new Form 281 with ASIC to make sure adequate buyback notice is provided before 03 October 2021.

Any buyback would be funded from the existing cash flows.

Dividend pay-out

The Company declared a fully franked final dividend of 12 cents per share, paid on 16 September 2021.

PTM dividend

Trading data as per ASX as on 24 September 2021

CSR Limited (ASX:CSR)

Leading building products company in Australia and NZ, CSR Limited reported a 17% improvement in its NPAT to AU$146 million. Earnings per share increased by 21% to 33.1 cents. The net cash position as at the closure of FY2021 stood at AU$251 million.

CSR delivered solid growth in net profit

On 29 July 2021, CSR Limited declared the sale of the final 12.4 hectares of land at Horsley Park for AU$124 million. CSR sold the entire existing sites at Horsley Park, generating proceeds of AU$408 million.

Dividend pay-out

CSR declared a fully franked final dividend of 14.5 cents and a special dividend of 9.5 cents per share.

CSR dividend

Trading data as per ASX as on 24 September 2021

Fortescue Metals Group Ltd (ASX:FMG)

Fortescue Metals Group is into mining, processing, and transporting iron ore from its deposits in the Pilbara region.

Fortescue Metals Group delivered outstanding performance with a 74% growth in revenue to US$22.3 billion. Underlying EBITDA improved 96% to US$16.4 billion on pcp. NPAT for the period was US$10.3 billion. It had net cash of US$2.7 billion.

FMG delivered impressive results

On 23 September 2021, Fortescue Metals announced the appointment of Chief Operating Officer Iron Ore, Dino Otranto. He would be joining the Company from Vale in Canada. He brings considerable leadership experience around operational, technical and financial positions achieved in Australia and globally. His skill, along with FMG’s firm status for operational brilliance, will be influential in delivering superior operational capability to establish FMG’s green renewables and green resources plan.

Dividend pay-out

FMG announced a fully franked final dividend of AU$2.11 per share to be paid on 30 September 2021.

FMG dividend

Trading data as per ASX as on 24 September 2021

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Mineral Resources Limited (ASX: MIN)

Perth-based leading mining services provider Mineral Resources Limited delivered strong results in FY2021 and witnessed 76% growth in revenue to AU$3.7 billion. Underlying EBITDA improved by 148% to AU$1.9 billion. Underlying NPAT increased 230% to AU$1.1 billion.

Mineral Resources reported massive EBITDA growth

On 22 September 2021, Norwest Energy NL updated about the latest conclusion of wireline logging operations at the Lockyer Deep-1 conventional gas discovery well. The Lockyer Deep-1 gas discovery surpassed pre-drill beliefs. Lockyer Deep-1 is situated within Exploration Permit EP368. EP368 is a 20:80 joint venture between Norwest and Energy Resources Limited, respectively. Energy Resources Limited is a 100% owned subsidiary of Mineral Resources Limited.

Dividend pay-out

MIN declared a fully franked dividend of AU 175 cents per share, paid on 7/9/2021. The full year dividend, including the interim dividend of 100 cents per share, amounted to a total fully franked dividend of 275 cents per share for FY21.

MIN dividend

Trading data as per ASX as on 24 September 2021

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