The Magellan Financial Group Ltd (ASX: MFG) share price launched higher on Tuesday despite no news being released by the company.

Shares in the embattled funds management business tumbled 9.78% last week and another 1.34% on Monday. Hence, today’s gains might be a simple market correction after the selloff.

At market close, the Magellan share price finished at $15.01, 7.14% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) closed up 0.7% while the All Ordinaries Index (ASX: XAO) gained 0.75%.

Let’s take a closer look at Magellan’s performance today and how the company tracked compared to its sector’s movements.

What’s going on with the Magellan share price on Tuesday?

The Magellan share price took off on Tuesday, reaching an intraday high of $15.08, representing a 7.6% increase.

That’s a significantly better performance than that of the S&P/ASX 200 Financials Index (ASX: XFJ). It closed up 0.57%, with Magellan its best performing stock.

The funds management company was trailed closely by Zip Co Ltd (ASX: Z1P) which gained 4.76% on Tuesday.

The Pinnacle Investment Management Group Ltd (ASX: PNI) was the sector’s third-best performer. Its share price closed 4.14% higher today.

Today marks a rebound for the Magellan share price. It has been mostly in the red since the company announced its founder and former chair Hamish Douglass had resigned from its board last week.

Douglass stepped away from his role as chair and chief investment officer for a period of medical leave in February.

Unfortunately, today’s gains haven’t been enough to boost the Magellan share price back into the green.

It is still 29% lower than it was at the start of 2022. It has also fallen 66% since this time last year.

The post Why did the Magellan (ASX:MFG) share price soar 7% on Tuesday? appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• 3 high-yield ASX dividend shares trading near 52-week lows
• Why Adairs, Betmakers, Magellan, and Northern Star shares are dropping
• Magellan (ASX:MFG) share price higher despite Hamish Douglass resignation news
• Down 80%, what’s gone so wrong for Magellan (ASX:MFG) shares?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended PINNACLE FPO and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended PINNACLE FPO. 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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The Liontown Resources Limited (ASX: LTR) share price is having a positive day on Tuesday.

In afternoon trade, the lithium developer’s shares are up 3% to $1.89.

This latest gain means the Liontown share price is up 340% since this time last year.

Can the Liontown share price keep rising?

The good news for shareholders is that one leading broker believes the Liontown share price still has a long way to run.

According to a note out of Bell Potter, its analysts have retained their speculative buy rating and $3.06 price target on the company’s shares.

Based on the current Liontown share price, this implies potential upside of 60% for investors over the next 12 months.

What did the broker say?

Bell Potter notes that Liontown has reported positive drilling results which confirm the growth potential of the Buldania Lithium Project. The broker commented:

“Buldania is LTR’s early stage lithium exploration project where a maiden Indicated and Inferred Mineral Resource Estimate of 14.9Mt at 0.97% Li2O and 44ppm Ta2O5 was identified in late 2019.

LTR see Buldania as complementary to its advanced Kathleen Valley Lithium Project and having the potential to provide additional spodumene concentrate to future downstream processing capacity.”

“We now expect further extension and infill drilling to be completed before LTR updates the current Buldania Mineral Resource Estimate.”

In the meantime, though, Bell Potter is very positive on the company’s Kathleen Valley Lithium Project. The broker believes it leaves Liontown well-placed to benefit from a lithium market which is booming thanks to demand outstripping supply.

Its analysts commented: “LTR is funded for Kathleen Valley’s initial development capital where a definitive feasibility study outlined 658ktpa SC6 production and potential for conversion into 86ktpa lithium hydroxide. LTR is independent and debt free; a strong strategic position in a market for lithium facing supply shortages.”

The post Lithium boom: Top broker tips Liontown (ASX:LTR) share price to jump 60% appeared first on The Motley Fool Australia.

More reading

• Experts name 3 of the best ASX lithium stocks to buy now
• These 3 ASX 200 shares are topping the volume charts this Monday
• Why Block, Core Lithium, Liontown, and Qube shares are rising
• ‘Exciting’ results: Here’s why the Liontown (ASX:LTR) share price is climbing 6% today
• Brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro 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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The Santos Ltd (ASX: STO) share price may have upside in the future, but today the company’s shares are falling.

Santos shares have dropped 0.5% and are currently swapping hands at $7.90. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.81% today.

Let’s take a look at what the experts are saying about Santos.

What’s the outlook for Santos?

Energy giant Santos could be the “poster child” for the future due to the company’s “clear” decarbonisation strategies, according to one expert.

Tribeca Investment Partners partner Ben Cleary told the Australian Financial Review Santos has gone from a heavy emitter to a company that will produce a lot of carbon offsets. He said:

Those who have raced for the door, looking to divest, have all missed the woods from the trees. Santos is decarbonising and is implementing a great strategy, and they are likely to all come back and own these companies.

Cleary expressed concern about the “underinvestment in oil and gas” which is being seen “very clearly in the energy crisis that we see now”. He added:

But this 2.0 approach is to invest in companies that have clear decarbonisation strategies. In my humble opinion, Santos is that company. It has to be the global poster child for this policy change and investing in the transition.

Macquarie recently upgraded the Santos share price to an “outperform” rating and has increased the price target to $10.50. That suggests a potential upside of 33% from the current price.

Oil prices

The Santos share price may be slightly down today, but it is not the only energy share price to fall. The S&P/ASX 200 Energy Index (ASX: XEJ) is sliding 0.61%. Beach Energy Ltd (ASX: BPT) shares are down 1.98%, while the Woodside Petroleum Limited (ASX: WPL) share price is down 1.4%.

International benchmark Brent Crude Oil price has descended 1.3% % to US$111.02 a barrel, while the WTI crude oil price is down 1.17% to US$104.49 a barrel, according to Bloomberg.

Santos share price snapshot

The Santos share price has gained more than 9% in the past 12 months and is steaming ahead 25% this year to date.

In contrast, S&P/ASX 200 Index (ASX: XJO) has returned nearly 10% over the past year.

In the last month, Santos shares have soared 10%, while they have climbed nearly 4% in the past week alone.

Santos has a market capitalisation of about $26.7 billion based on the current share price.

The post Global poster child? Why this fundie is bullish on the Santos share price appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Here’s why Macquarie just upgraded the Santos (ASX:STO) share price
• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Thursday
• Santos (ASX:STO) share price lower despite ‘significant oil discovery’

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 Macquarie Group Limited. 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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Shares in Alligator Energy Ltd (ASX: AGE) are on the move today following a positive company announcement to the ASX.

At one point, the uranium miner’s shares surged 15% to an intraday high of 11 cents before retracing during midday trade.

Currently, Alligator shares are 1.04% lower at 9.5 cents.

“Exceptional high-grade uranium results”

Investors were bidding up the Alligator Energy share price this morning after the company reported “exceptional high-grade uranium results” from the Samphire Uranium Project in South Australia.

According to the company’s release, Alligator Energy advised it has received strong results from resource infill drilling, a downhole prompt fission neutron (PFN) logging program, and further sonic core results.

The company noted a rotary mud (infill) drilling program in the Blackbush deposit has concluded ahead of schedule. All holes were successfully logged with PFN, three-arm caliper, resistivity, neutron porosity, and natural gamma.

Some of the results included:

• Hole 021 at 3.44 metres at 0.854% pU3O8 from a depth of 56.88 metres;
• Hole 026 at 4 metres at 0.706% pU3O8 from a depth of 63 metres;
• Hole 020 at 4,24 metres at 0.414% pU3O8 from a depth of 61.23 metres; and
• Hole 034 at 4.35 metres at 0.313% pU3O8 from a depth of 69.10 metres.

In addition, Alligator Energy highlighted results from three sonic cored holes with U3O8 and GT highlights. There are as follows:

• Hole 002 at 6.60 metres at 0.204% U3O8 from a depth of 65 metres;
• Hole 003 at 4.32 metres at 0.165% U3O8 from a depth of 72.45 metres; and
• Hole 004 at 8.00 metres at 0.134% U3O8 from a depth of 62 metres.

The company noted that there is still another 10 holes that are awaiting further results.

Management commentary

Alligator Energy CEO Greg Hall commented:

These exceptional PFN and further assay results are expanding the known high-grade area within the Blackbush deposit. The visual inspection of core, combined with the downhole geophysical data from PFN holes, is showing that Blackbush mineralisation is hosted in lithologies with permeability amenable to ISR, and with an apparent consistency of mineralisation that Alligator believes bodes well for our planned resource confidence update and Scoping Study.

… These results combined with the ongoing correlations with historical information are aimed to achieve our objective of increasing confidence levels in our Blackbush JORC resource.

About the Alligator Energy share price

Over the last 12 months, the Alligator Energy share price has gained an astonishing 464% for investors. This has been on the back of a significant uptick in uranium futures which has almost doubled in a year.

Based on today’s price, Alligator Energy commands a market capitalisation of roughly $309 million.

The post Here’s why the Alligator Energy (ASX:AGE) share price was snapping higher today appeared first on The Motley Fool Australia.

More reading

• Global poster child? Why this fundie is bullish on the Santos share price
• Here’s why the Catapult (ASX:CAT) share price is racing 7% higher today
• Macquarie calls ‘pens down’ on Uniti (ASX:UWL) takeover but more suitors possible
• These 3 ASX 200 shares are topping the volume charts this Tuesday
• Is the EML (ASX:EML) share price on the comeback trail?

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 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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The Catapult Group International Ltd (ASX: CAT) share price has been a very strong performer on Tuesday.

In afternoon trade, the sports analytics and wearables company’s shares are up over 8% to $1.39.

Why is the Catapult share price racing higher?

Investors have been bidding the Catapult share price higher today following a rebound in the tech sector and the release of a positive announcement.

In respect to the latter, this morning Catapult revealed that it has signed a multi-year deal with the single largest sports federation in the world, the German Football Association.

According to the release, the deal will see the German Football Association leverage Catapult’s technology to capture performance data via video, track athlete performance via wearables, and improve the analysis infrastructure at all levels of the German National Football Team.

Management believes this multi-solution contract is the latest proof of the market demand for Catapult’s combined suite of solutions since it acquired SBG Sports Software in June 2021. The company’s integrated platform allows coaches to bring athlete data sets directly to the video screen.

Management commentary

Catapult’s CEO, Will Lopes, commented: “We strive everyday to unleash the potential of every athlete and team, and we’re proud to partner with the prestigious German Football Association to fulfil that ambition. We’re looking forward to partnering with the DFB to unlock what even the best coaches in the world cannot see on film or from the sidelines. This technology will empower athletes at all levels with data and insights to perform at their best.”

This sentiment was echoed by the Head of Analysis for the German Football Association, Christofer Clemens.

He said: “Catapult’s solutions allow us to make objective decisions about how we train our athletes and how we establish our competitive advantage over opponents. It gives coaches and athletes confidence that they are seeing a full view of performance for everyone on the pitch. This deal will power our insights over a number of years.”

The post Here’s why the Catapult (ASX:CAT) share price is racing 7% higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Catapult Group International Ltd. The Motley Fool Australia owns and has recommended Catapult Group International Ltd. 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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The Uniti Group Ltd (ASX: UWL) share price is in the red after the company abandoned Macquarie Group Ltd (ASX: MQG)’s takeover offer in favour of Morrison and Co’s increased bid.

ASX investment banking giant, Macquarie has reportedly put its pens back on the table in response to the accepted $5 per share bid – complete with updated terms – put forward by Morrison & Co and its recently enfolded bidding partner, Brookfield.

But, as Macquarie is backing away from the proposal, another broker is reportedly predicting a bidding war for the telecommunications infrastructure company.

At the time of writing, the Uniti share price is $4.65, 1.38% lower than its previous close.

Let’s take a closer look at Macquarie’s reported exit from the battle for Uniti and who could take its place.

Uniti share price slips as Macquarie reportedly surrenders

The Uniti share price has dipped into the red this afternoon amid reporting by The Australian and the Australian Financial Review claiming that Macquarie will step back from its recent bid for the telco.

Macquarie’s Macquarie Infrastructure and Real Assets Holdings (MIRA) teamed up with Canadian fund Public Sector Pension Investment to lob a $5 per share takeover bid for Uniti last week.

In doing so, the pair – dubbed the ‘Connect Consortium’ – outbid Morrison & Co’s previous offer by 50 cents per share.

In response, Morrison & Co teamed up with Brookfield. They lobbed their own $5 per share bid today. The newly sweetened offer is conditional on Uniti ending engagement with the Connect Consortium and its proposal.

The bidders were wary Macquarie might be allowed access to “competitively sensitive information” during due diligence. That fear was stoked by MIRA’s stake in Uniti’s competitor, Vocus Group.   

Additionally, Morrison & Co entered 4 weeks of exclusive due diligence before the Connect Consortium lobbed its bid. However, the latter’s proposal was also conditional on 4 weeks of its own due diligence. During that period, Uniti would be unable to accept a rival bid.

Thus, the company decided the bids were “clearly incompatible”. As a result, Uniti’s board accepted Morrison & Co and Brookfield’s latest takeover bid, seemingly leaving Macquarie out on the street.

Though, the investment bank doesn’t appear too phased. Sources in the know reportedly told The Australian it’s “pens down” for the Connect Consortium for now.

Is a bidding war still on the cards?

As The Motley Fool Australia recently reported, JP Morgan and Bell Potter both predicted that a bidding war to acquire Uniti could break out last week.

Today, Shaw & Partners has reportedly thrown bets on the same horse. Shaw & Partners broker James Nicolaou has been quoted by The Australian as saying more bidders will likely come for the telco.

The broker was quoted as saying Uniti is currently “[Australia’s] highest quality growth infrastructure asset” and could draw the attention of Aware Super.  

Aware Super – formerly named First State Super – unsuccessfully bid against Uniti in the battle to takeover Opticomm in 2020.

“Aware Super showed a huge desire via that bidding war, that involved several bids and due diligence, that they want to own a quality long term annuity infrastructure business,” said Nicalaou.

“They also have an intimate knowledge of the business from that last process.”

Previously, JP Morgan reportedly stated Uniti’s shares could bring about a price of $7 apiece.

The post Macquarie calls ‘pens down’ on Uniti (ASX:UWL) takeover but more suitors possible appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Tuesday
• Here’s how Macquarie (ASX:MQG) is changing its portfolio of ASX shares in response to the Ukraine crisis
• Uniti (ASX:UWL) share price climbs 4% as Morrison ups the ante
• Growth will be back! Expert picks 7 ASX shares to buy now
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Motley Fool contributor Brooke Cooper 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 Macquarie Group Limited and Uniti Group Limited. 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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The S&P/ASX 200 Index (ASX: XJO) is continuing to swell higher this Tuesday so far, continuing the recent good run the ASX 200 has had. At the time of writing, the ASX 200 is up by a strong 0.8% at just over 7,470 points. 

But let’s dig a little deeper into today’s moves and check out the ASX shares topping the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume on Tuesday

Uniti Group Ltd (ASX: UWL)

Our first share up today is ASX 200 telco Uniti. This company has so far today seen an impressive 12.51 million of its shares swap homes. This is likely the result of the takeover speculation that is currently swirling around this company.

As we covered earlier today, Uniti has received an upped bid of $5 per share from a consortium of Morrison & Co and Brookfield Infrastructure Group, matching the bid received from Macquarie Group Ltd (ASX: MQG) last week. Despite initially spiking this morning, Uniti shares are now down by 1.69% at $4.64. It’s likely this combination of events is why so many Uniti shares have been traded today.

Telstra Corproation Ltd (ASX: TLS)

Another ASX 200 telco is next up today. Telstra has had a sizeable 16.88 million of its shares trade hands as it currently stands. We also got some news out of Telstra this morning that might help to explain this volume.

The company has released some details of its legal restructuring, which will see Telstra Corporation become Telstra Group. The markets seem to have endorsed these moves, given the Telstra share price is now up a healthy 1.81% at $3.94 a share. It’s this news and meaningful share price jump that has probably resulted in Telstra’s elevated trading volumes.

AVZ Minerals Ltd (ASX: AVZ)

Lithium hopeful AVZ Minerals is our final and most traded share of the day thus far for the ASX 200 index. This Tuesday has seen a hefty 26.27 million AVZ shares fly around the markets at the time of writing.

This one is a bit of a mystery. There hasn’t been any news out of AVZ today. And the company’s share price is currently up just 0.42% at $1.19. Saying that, we did see AVZ go as low as $1.16 a share soon after open, followed by a brief rally to $1.22 a share shortly after. Thus, it could be this volatility that has elicited so many AVZ shares to the markets today.

The post These 3 ASX 200 shares are topping the volume charts this Tuesday appeared first on The Motley Fool Australia.

More reading

• Ringing the changes: Telstra share price jumps amid latest restructuring news
• Why international investors are flocking to ASX shares right now
• Uniti (ASX:UWL) share price climbs 4% as Morrison ups the ante
• Do Flight Centre shares pay dividends?
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Uniti Group Limited. 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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The EML Payments Ltd (ASX: EML) share price is heading north today and is now trading 2.34% higher at $2.84.

It’s been a difficult year to date for the payments solutions company, having erased 12% since trading resumed in January.

However, as ASX tech shares stage a comeback rally in March, EML has jumped on for the ride and is now 17% higher in that time.

What’s up with the EML share price lately?

As sentiment improves on the tech sector, EML has surged to be one of the top performers in the last two weeks.

Market pundits were also quick to back the company again after its expansion into the employee benefits market (EBM) in Europe.

The EBM is worth more than $88 billion globally and is expected to grow by $20 billion between 2021 and 2025, EML says. Europe represents around 35% of this market.

In a recent note, analysts at UBS reckon the deal is a positive one for the payments company, valuing EML at $4.55 per share in the process.

The move also hammered in Ord Minnett’s investment thesis on the company. The broker is also valuing EML at a shade over $4 per share.

Ron Shamgar of TAMIM Asset Management — an owner of EML shares — also said the play was “a big win” for the payments solutions specialist.

Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) has rallied hard in March and is now up 6% in the past month. However, zooming out, it is still down more than 16% this year to date.

EML has tracked the tech index closely and appears to be following suit with strengths in the wider sector.

As a result of this and the recent update, it appears investors are throwing their support behind EML once again.

EML share price snapshot

In the last 12 months, the EML share price has collapsed 42% and is down around 12% year to date.

However, as investors pile into growth and tech again, shares have rallied 17% in the previous month of trade.

The company has a market capitalisation of around $1 billion.

The post Is the EML (ASX:EML) share price on the comeback trail? appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended EML Payments. The Motley Fool Australia owns and has recommended EML Payments. 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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The S&P/ASX 200 Index (ASX: XJO) is on form again and on track to record a solid gain. In afternoon trade, the benchmark index is up 0.75% to 7,468.8 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Beach Energy Ltd (ASX: BPT)

The Beach share price is down almost 2% to $1.61. This appears to have been driven by a pullback in oil prices overnight. Traders were selling down oil amid concerns over demand. This follows further lockdowns in China, with Shanghai the latest city to be brought to a standstill.

Melbana Energy Ltd (ASX: MAY)

The Melbana Energy share price has crashed 14% to 12.5 cents. Investors have been selling this energy company’s shares following the release of a drilling update at the Marti structure of its 30% owned Block 9 contract area. The update advises that at total depth there was some evidence of formation water returned with the oil during logging operations.

St Barbara Ltd (ASX: SBM)

The St Barbara share price has continued its slide and is down 2% to $1.44. This follows weakness in the gold price and a negative reaction to yesterday’s guidance update. In respect to the latter, St Barbara advised that FY 2022 production is expected to come in at 275-290koz with an AISC of $1,750-1,870 per ounce. This compares to its original (withdrawn) guidance of 305-355koz with an ASIC of $1,710 to $1,860 per ounce.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price has tumbled 13% to 51 cents. This morning the gold developer announced the successful completion of a A$130 million two-tranche placement to fully fund its 3.35Moz Abujar Gold Project construction with no debt. These funds were raised at a 14.5% discount of 50 cents per new share.

The post Why Beach, Melbana, St Barbara, and Tietto shares are dropping appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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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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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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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