From ASX listed companies, two stocks delivered promising results. These are the growing companies to invest in.
Amcor Plc (ASX:AMC)
Share price -$15.89
Annual dividend yield - 4.90%
Dividend Pay date - 18 Mar 2025
Dividend amount per share $0.127
Franking - 0%
Dividend ex date - 26 Feb 2025
Market cap $22.96 B
As of 13 Feb 2025
Amcor Plc (ASX:AMC), an Australian packaging company, one of the quality dividend stocks has declared a quarterly cash dividend of $0.1275 per share, set to be paid on March 18, 2025. Shareholders must be on record by February 26, 2025, to receive the dividend. The company also received approval from the Australian Securities Exchange (ASX) to defer the processing of conversions between ordinary shares and CHESS Depositary Instruments (CDIs) from February 25 to February 26, 2025. This decision highlights Amcor's commitment to delivering consistent returns to its shareholders.
In fiscal year 2024, Amcor completed the acquisition of a small flexible packaging manufacturer in India for $14 million, alongside assuming $10 million in debt. This acquisition, part of its Flexibles segment, resulted in the recognition of $12 million in goodwill. Amcor also made some strategic disposals in fiscal year 2025, including selling a non-core business in France for a pre-tax loss of $7 million and selling its 50% stake in the Bericap North America business for $123 million, resulting in a pre-tax gain of $15 million. These actions align with Amcor’s focus on refining its portfolio for better growth prospects.
Amcor’s financial results for the first half of fiscal 2025 indicate strong performance, with net sales of $6,594 million and GAAP net income of $354 million. The company, among the best growth stocks to buy now, has also posted a solid adjusted EBIT of $728 million, reflecting 4% growth. Its net debt stood at $6,496 million, with a leverage ratio of 3.3 times adjusted EBITDA, within the target range. Amcor plans to reduce this ratio to 3.0x or below by mid-2025. Additionally, the company has reaffirmed its fiscal 2025 outlook, expecting adjusted EPS between 72-76 cents per share and free cash flow of $900-1,000 million. A key strategic move is Amcor’s ongoing merger with Berry Global, expected to generate $650 million in synergies, further strengthening its competitive position and long-term value for shareholders.
Nick Scali Limited (ASX: NCK)
Share price -$17.14
Annual dividend yield - 3.73%
Dividend Pay date - 26 Mar 2025
Dividend amount per share $0.30
Franking - 100%
Dividend ex date - 4 Mar 2025
Market cap $1.44 B
As of 13 Feb 2025
Nick Scali Limited (ASX: NCK) reported its financial results for the half-year ending 31 December 2024, with a mixed performance across its Australian, New Zealand, and UK operations. The ANZ Group's underlying net profit after tax was $36.0 million, surpassing the profit guidance range of $30-33 million. Revenue for the period decreased by 1.8% to $222.5 million, while online written orders increased by 17.0%. Despite the challenges posed by higher freight costs, the ANZ gross margin remained strong at 64.4%. However, operating expenses rose by $5.1 million, mainly driven by higher employment costs. Meanwhile, the UK operations reported an underlying net loss of $2.8 million, slightly better than expected. The UK faced disruption due to store refurbishments and the clearance of the Fabb product range, but gross margins improved to 45.1% from 41.0% prior to the acquisition.
Nick Scali’s group cash flow remained solid, with ANZ's pre-tax operating cash flows amounting to $44.1 million. The UK segment required operational funding of $12.1 million, along with an additional $3 million invested in showroom inventory. The company paid out $28.1 million in dividends to shareholders during the period. As for the UK market, a significant store refurbishment program has begun, with four stores rebranded under the Nick Scali name, expected to boost performance in the coming months. The company's expansion plans in both regions continue, with a new store opening in Artarmon, NSW, and ongoing reviews for new UK locations.
Nick Scali declared an interim dividend of 30 cents per share, fully franked, reflecting a payout ratio of 75% of ANZ Group earnings per share and 86% of overall Group earnings per share. The dividend will be paid on 26 March 2025 to shareholders on the record date of 5 March 2025.
Source: Company’s Report
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