Companies that provided dividends last week- PRN, SGM, ARB

Highlights 

  • In the week ended 22 October 2021, around 10 ASX-listed companies have provided dividends.
  • This week approximately 15 companies would give dividends.

In the week ended 22 October 2021, there were around 10 ASX listed players that provided dividends. Because of good returns, dividend stocks are popular amongst investors. In this article, we will cover three players that provided dividends last week.

Perenti Global Limited (ASX:PRN)

Perenti Global paid its final dividend of AU$0.020 on 20 October 2021. Perenti is a diversified global mining services group. It has businesses in surface mining, underground mining as well as mining support services. It has operations and offices in around 11 nations. It is engaged in some of the biggest mining projects worldwide.

Perenti Global delivered FY2021 results in line with its amended outlooks, attaining robust operational performance plus growth from its Underground Mining business along with an enhanced 2H FY2021 performance from its Surface Mining business. It generated stable revenue of AU$2.02 billion and an Underlying EBIT(A) of AU$170.8 million. Its statutory NPAT improved by AU$75.3 million from 1H FY2021 statutory loss of AU$63.8 million.

RELATED READ: Perenti (ASX:PRN) awarded new $280m contract at Iduapriem

In FY2022, PRN expects its revenue in between AU$2 billion to AU$2.2 billion.

On 26 October 2021, PRN closed at AU$1.045, with an annual dividend yield of 5.39%.

Sims Limited (ASX:SGM)

Sims Limited has provided a final dividend of AU$0.300 per share on 20 October 2021. Sims Limited is an international leader in metal & electronics reusing. It is a developing leader in municipal recycling and renewable energy industries.

In FY2021, the Company’s sales revenue increased by 20.5% to AU$5,916.3 million compared to the previous corresponding period (pcp). EBITDA increased by 1,321% to AU$507.3 million. NPAT increased by 186.5% to AU$229.4 million.

SGM EBITDA Growth

The Company started well in FY2022. The business is likely to gain from positive medium and long-term drivers. The stimulus spending, especially in the USA and China, will boost demand for steel-intensive infrastructure expenditure and drive further retail consumption. These drivers are positive for ferrous as well as non-ferrous metal recycling.

On 26 October 2021, SGM closed at AU$14.910, with an annual dividend yield of 2.90%.

ALSO READ: What’s powering Sims’ (ASX:SGM) bull run today?

ARB Corporation Limited (ASX:ARB)

ARB Corporation provided a dividend of AU$0.390 per share on 22 October 2021. ARB Corporation is into the production, supply and selling of four-wheel-drive motor vehicle accessories & light metal engineering works.

In FY2021, the Company reported a 33.9% growth in sales revenue to AU$623.072 million. Revenue increased by 34% to AU$625.857 million and net profit of AU$112.895 million.

Revenue Growth

The Company maintains a positive short-term outlook seeing solid sales growth in FY2021. The current economic conditions remain very uncertain. While demand is solid and global economies have achieved better than anticipated, ongoing and unpredictable restrictions intended to limit COVID-19 spread continue to disturb supply chains, shipping networks, retail operations and client fulfilment.

On 26 October 2021, ARB closed at AU$49.940, with an annual dividend yield of 1.38%.

What next?

Many companies are still in line to provide dividends for the period ended 30 June 2021. To know about the upcoming dividend, please click here.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK