Endeavour Group Ltd (ASX: EDV) is one of the newer additions to the S&P/ASX 200 Index (ASX: XJO), and arguably a blue-chip share at that. Endeavour was spun out of Woolworths Group Ltd (ASX: WOW) last year. The new company houses Woolworths’ old liquor businesses. The most prominent of these are the Dan Murphy’s and BWS bottle shop chains. At the time of the spinoff, Woolworths shareholders all received one new Endeavour share for every Woolworths share owned.
Since Endeavour shares first hit the ASX under their own steam in June last year, investors have seen some healthy share price gains. Since its first day of trading, the Endeavour share price is now up more than 20%. That includes the healthy 1.25% the company has put on today at the time of writing, placing Endeavour shares at $7.28.
But since this company is in the consumer staples business, and a graduate of Woolworths no less, investors might have an expectation of dividend income from a company of this ilk. So let’s see how Endeavour stacks up in the dividend income department.
A deep dive into Endeavour’s dividends
Endeavour is indeed an ASX dividend share. It wasted little time in funding its first dividend. This was a final payment worth 7 cents per share, fully franked. This was doled out on 22 September last year.
But Endeavour has actually just paid out its second dividend. This was an interim dividend of 12.5 cents per share, also fully franked. It was received by investors only yesterday.
So Endeavour has now paid out two dividend payments. That’s despite only being listed for less than a year. Those two payments, totalling 19.5 fully franked cents per share, give Endeavour a trailing dividend yield of 3.45% on current pricing. That grosses up to 4.93% with the full franking credits.
At the current Endeavour share price, this ASX 200 share has a market capitalisation of $12.86 billion.
The post Do Endeavour (ASX:EDV) shares pay dividends? appeared first on The Motley Fool Australia.
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More reading
- Top broker puts conviction buy rating on Endeavour (ASX:EDV) shares
- 5 things to watch on the ASX 200 on Monday
- 5 ASX shares to ride out the 2022 volatility: expert
- The Woolworths (ASX:WOW) share price has only added $4 in 8 years. Have the dividends been worth it?
- 2 compelling blue chip ASX shares to buy: top fund manager
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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