Investors resort to dividend investing when they want to live off the income generated by their Stock Portfolios. Aussie Early retirees would do better if they do not ignore the red flags and do not throw caution to the wind.
Stock markets are unpredictable. Bullish and bearish phases, long or short, often come unannounced. The investors must select stocks with Long and Consistent Dividend histories.
The Three such ASX Stocks are :-
Super Retail Group Limited (ASX: SUL)
Super Retail Group Limited's future outlook appears promising based on the projected valuation multiples and growth trends. Its Record first half-sales result delivered profit before tax of $204 million, higher than the guidance range announced earlier.
Store network expansion and upgrades – 17 new store openings and five rebel stores upgraded to rCX The group is targeting Capex in FY2024 at $150 million.
The rise in the dividend payout ratio from 65.6% in FY22 to 88.4% in FY23 signals a strategic decision to allocate a larger proportion of its earnings to shareholders as dividends during the most recent fiscal year. This move is likely to appeal to income-focused investors, offering them a more substantial share of the company's profits as regular dividend income.
Eagers Automotive Limited (ASX: APE)
Eagers Automotive Limited is an Australian automotive retail company, adopts a diversified business model with three core segments. Announcing its financial results for the twelve months ended 31 December 2023 (FY23), it delivered an Underlying Operating Profit Before Tax for FY23 of $433.3 million, an increase of 6.9% on FY22. Revenue for the full year was $9.9 billion, an increase of $1.3 billion or 15.3% on FY22.
Eagers Automotive Limited has showcased impressive growth in its dividend per share (DPS) over recent years, highlighting the company's commitment to rewarding its investors and demonstrating strong financial performance.
In its recent full year result, Eagers Automotive Limited declared a significant dividend of 50.0 cps (FY22: 49.0 cps), fully franked. This increase reflects the company's commitment to delivering attractive returns to shareholders while preserving its financial strength and stability.
GrainCorp Limited (ASX: GNC)
GrainCorp exhibited a significant rise in dividends from FY21 to FY23, as evidenced by a substantial increase in the final dividend per share. In FY21, the company declared a final dividend of 10 cents per share (cps), while in FY23, this figure escalated to 30 cps. This notable threefold increase reflects a positive trajectory in GrainCorp's Financial Performance and potentially underscores its growing profitability during this period.
Moreover, the total dividends disbursed for FY23 amounted to 54 cps per share, fully franked. GrainCorp's emphasis on the stability of its ordinary dividends demonstrates confidence in maintaining consistent earnings regardless of economic fluctuations. This stability reassures shareholders of the company's commitment to providing reliable returns over time, emphasizing its resilience in various market conditions.
GrainCorp Limited is well positioned with a healthy balance sheet and pipeline of growth opportunities.
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