Guess which ASX 200 share is paying its biggest-ever dividend today?

A woman looks excited as she fans out a wad of Aussie $100 notes.A woman looks excited as she fans out a wad of Aussie $100 notes.

Elders Ltd (ASX: ELD) shareholders will have something to cheer about today as the company pays out its latest dividend.

The agribusiness company is rewarding eligible investors with a partially franked interim dividend of 28 cents per share.

At Thursday’s market close, the Elders share price finished 0.16% higher at $12.72.

Despite being in the green, it has been a tough period for Elders shares, which have fallen 5% in a week and 9% in the past month.

Let’s take a look at all the details regarding the Elders dividend.

Elders pays out record dividend

Elders delivered an outstanding performance across key metrics in its first half results for the 2022 financial year.

In summary, management reported sales revenue of $1,514.8 million which reflected a 38% increase on the prior comparable period.

Furthermore, earnings before interest and tax (EBIT) accelerated by 80% to $132.8 million

On the bottom line, this led to a net profit after tax (NPAT) of $91.2 million, up 34% on H1 FY21.

Elders noted the robust financial scorecard was underpinned predominantly by its rural products business. Demand surged for fertiliser and crop protection products on the back of favourable seasonal conditions in key cropping regions.

However, the biggest win for shareholders came in the form of the board’s decision to ramp up the interim dividend.

For context, the first half dividend for FY22 represented a 40% jump on the 20 cents declared in H1 FY21.

Notably, this is now the highest Elders dividend ever paid to shareholders in the history of the company.

When calculating against the last closing share price, Elders is trailing on a forecast dividend yield of 3.94%.

Elders share price snapshot

Over the past 12 months, the Elders share price has risen by 8%. It is also up by 3% this year to date.

It was only in March this year that the company’s shares accelerated following a positive trading update.

Just two months later on 23 May, Elders shares reached a decade high of $15.32.

The company presides a price-to-earnings (P/E) ratio of 11.51 and commands a market capitalisation of roughly $1.99 billion.

The post Guess which ASX 200 share is paying its biggest-ever dividend today? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of January 12th 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];[property] = defaultValue;

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);

More reading

Motley Fool contributor Aaron Teboneras 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 recommended Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s