Several investors burn their fingers looking for High Dividend Stocks to seek a steady income assurance. However, they delve into it without understanding the inherent risks. After considering counter factors like consistency, following best dividend stocks ASX are recommended.
Atlas Arteria (ASX: ALX)
Atlas Arteria (ASX: ALX) reported having reached an agreement with its APRR Group co-investors to achieve significant financial benefits. This includes refinancing the Financiere Eiffarie (FE) debt facility by mid-2025, aiming to lower annual repayments to about €55 million over the first five years. Eiffage will inject €55.5 million into MAF2, increasing its stake in APRR Group from 52.0% to 52.5%, resulting in a slight 0.32% dilution of Atlas Arteria's ownership to 30.82%
Atlas Arteria in its financial results for the year ended 31 December 2023, highlighted robust traffic performance across its key assets.
The weighted average traffic increased by 3.3% compared to 2022, exceeding 2019 levels by 2.9%. Significant toll increases at APRR, Chicago Skyway, and Warnow Tunnel translated into strong proportionate toll revenue growth, up 6.9% from 2022 and 11.9% from 2019. APRR Group saw a 5.0% increase in traffic, driven by commuter traffic between southeastern France and Geneva. Similarly, Warnow Tunnel experienced a 3.1% traffic increase as motorists opted for time-saving routes.
Overall group traffic grew by 3.9% from 2022, and statutory net profit after tax amounted to $256.3 million, showcasing Atlas Arteria's resilience and positive financial performance amidst varying market conditions.
Atlas Arteria has witnessed significant financial growth from December 2020 to December 2023. The company delivered a remarkable enhancements in net margins, escalating from 50.6% to an impressive 214.9%, reflecting heightened operational efficiency.
Atlas Arteria with a dividend yield of 7.79% is one of the Top Dividend Stocks. Its distribution guidance for H2 2023 stands at 20.0 cents per security, reflecting the strong performance of APRR, Warnow Tunnel, and Chicago Skyway during the period. This distribution is anticipated to incorporate 2 - 3 cents per security of cash on hand, representing a portion of Atlas Arteria’s US$116 million of capital releases from Chicago Skyway.
ANZ Group Holdings Limited
ANZ announced on 7 May 2024, its plan to execute a $2 billion on-market share buy-back as part of its capital management strategy, subject to market conditions and approved by APRA. As of 31 March 2024, ANZ reported Level 1 and Level 2 CET1 capital ratios of 13.4% and 13.5%, respectively, an increase of 16 basis points since September 2023.
ANZ reported strong half-yearly results for the period that ended on 31 March 2024, highlighted by significant milestones and financial performance metrics.
The bank's digital offering, ANZ Plus, showed robust growth, nearing 690,000 customers and accumulating close to $14 billion in deposits by April. Revenue from institutional payment platforms increased by 4%, with international payments growing by 8.5% year-on-year. International business also performed well, recording a notable 16% revenue growth. Despite a slight 1% decline, ANZ achieved a Group Statutory Profit after tax of $3,407 million and a Cash Profit of $3,552 million. The total credit impairment charge for the period was $70 million, resulting in a cumulative impairment balance of $4,046 million as of March 31, 2024.
With an annual dividend yield of 6.03%, it is one of the Best Long Term Dividend Stocks. The Board proposed an Interim Dividend of 83 cents per share, partially franked at 65%. ANZ maintained a Cash Return on Equity (ROE) of 10.7%, excluding capital retained for the acquisition of Suncorp Bank, reflecting solid financial efficiency amid strategic investments and market challenges.
ANZ's proactive capital management strategy, including the planned share buy-back and the recent Suncorp acquisition, aims to optimize its capital efficiency and enhance shareholder value.
ANZ continues to lead with a robust customer-centric approach and innovative strides across both retail and institutional banking sectors. The bank's consistently high Net Promoter Scores and monthly acquisition of approximately 35,000 new customers, half of whom are newcomers, highlight its strong market presence and effective customer engagement strategies.
Source: Company Reports
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