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Clime Capital Reports Strong Financial Position with High Yield and Active Buyback

Story Highlights
  • Clime Capital’s pre-tax NTA per share is 79.25 cents, with tax assets boosting it to 82 cents.
  • The company offers a 9.4% yield and maintains a buyback at a 12% discount to NTA.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Clime Capital Reports Strong Financial Position with High Yield and Active Buyback

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Clime Capital Limited ( (AU:CAM) ) has shared an update.

Clime Capital Limited announced its unaudited end-of-month pre-tax NTA per share at 79.25 cents, with tax assets expected to increase this to approximately 82 cents. The company highlighted a gross portfolio of $160 million and an active buyback program, purchasing shares at a 12% discount to pre-tax NTA. Shareholders will receive a dividend of 1.35 cents per share, and CAM shares offer a gross annual yield of 9.4%, significantly higher than the ASX market yield. The announcement underscores Clime Capital’s strong financial positioning and commitment to delivering value to its stakeholders.

More about Clime Capital Limited

Clime Capital Limited operates in the financial services industry, focusing on investment management. The company provides investment opportunities and financial products, primarily targeting shareholders and noteholders in Australia.

Average Trading Volume: 133,359

Technical Sentiment Signal: Hold

For a thorough assessment of CAM stock, go to TipRanks’ Stock Analysis page.

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