Future Generation Australia Boosts Dividend Amid Strong 2024 Performance

Future Generation Australia Limited Stapled Security ( (AU:FGX) ) just unveiled an update.

Future Generation Australia announced a significant outperformance of its investment portfolio in 2024, surpassing major indices and resulting in a 13.0% increase. This performance enabled the company to raise its fully franked full-year dividend to 7.0 cents per share, offering a 5.5% dividend yield. The total shareholder return, including franking credits, reached 23.5%, driven by the narrowing discount to net tangible assets and a rise in share price. The company reported an operating profit after tax of $47.9 million and highlighted its commitment to social impact by donating over $5 million to non-profit partners. With a robust profits reserve, Future Generation Australia is well-positioned to sustain future dividends and continue delivering value to shareholders.

More about Future Generation Australia Limited Stapled Security

Future Generation Australia Limited Stapled Security operates in the investment management industry, focusing on providing investment opportunities through a portfolio managed by boutique fund managers. The company emphasizes generating strong returns for shareholders while contributing to social impact initiatives, particularly supporting children and youth at risk.

YTD Price Performance: 0.40%

Average Trading Volume: 296,411

Technical Sentiment Consensus Rating: Strong Sell

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