SOL dividend – Washington H Soul Pattinson & Co Ltd Announces 0.36 Cash Dividend

Dividends Yield

On April 1 2023, Washington H Soul Pattinson & Co Ltd announced a 0.36 cash dividend per share. This dividend follows the company’s trend of issuing an annual dividend per share, with 0.72 AUD in 2021, 0.65 AUD in 2022 and 0.61 AUD in 2023. The corresponding dividend yields from 2021 to 2023 are 2.68%, 2.02% and 2.19%, with an average yield of 2.3%.

This might be an attractive option for investors looking for dividend stocks, with an ex-dividend date of April 19 2023. As WASHINGTON H. SOUL PATTINSON AND ($ASX:SOL) continues to issue dividends, it could be a great option for investors to consider as part of a diversified portfolio.

Stock Price

WHS stock opened at AU$30.4 and closed at the same price, up by 0.7% from last closing price of 30.2. The company has seen solid returns from investments over the past year, and the dividend payout is an acknowledgement of the shareholders’ loyalty and confidence in the company. WHS’s strong financials have enabled it to consistently pay out dividends for many years, making it a favored investment choice for long-term investors. WHS has an impressive portfolio of investments, including investments in mining, energy, banking, property, and food and beverage companies. Its strategic focus on growth and value has enabled it to deliver consistent returns to its shareholders over time.

The 0.36 cash dividend is a reward for the shareholders who have stood by WHS through the turbulent market conditions of the last few years. The dividend payout is expected to boost investor sentiment towards WHS in the short-term and attract investors looking for value investments in the long-term. Analysts are expecting a strong performance from WHS in the coming year, making it a good time to consider investing in the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for SOL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for SOL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SOL. More…

Key Ratios Snapshot

Some of the financial key ratios for SOL are shown below. More…

Analysis

At GoodWhale, we analyze the fundamentals of WASHINGTON H. SOUL PATTINSON AND to provide a Risk Rating. After our analysis, we have determined that WASHINGTON H. SOUL PATTINSON AND is a medium risk investment in terms of financial and business aspects. We have also detected 2 risk warnings in their income sheet and balance sheet. This indicates that they may be facing potential financial difficulties and it is important to note this before investing. If you are interested in learning more about WASHINGTON H. SOUL PATTINSON AND and what risk warnings we have detected, register with us to check it out. Our team is here to provide you with the insights you need to make informed financial decisions. More…

Peers

Washington H Soul Pattinson & Co Ltd is an Australian-based investment and financial services company. It has a diverse portfolio of investments, including across a broad range of industries, with a focus on resources, energy and infrastructure. It is one of the largest companies listed on the Australian Securities Exchange and is in competition with other major players in the market such as Uranium Royalty Corp, S.D. Standard ETC PLC, and Yellow Cake PLC. All these companies are involved in the mining and related industries, and have a presence in different parts of the world.

– Uranium Royalty Corp ($TSXV:URC)

Uranium Royalty Corp is a Canadian resource company that specializes in the acquisition and management of uranium royalties. The company has a market capitalization of 313.68M as of 2022, representing the total dollar value of its outstanding shares. Additionally, Uranium Royalty Corp has a Return on Equity (ROE) of -2.58%, reflecting the amount of net income earned relative to the amount of shareholder equity. This negative ROE suggests that the company is not generating enough profits to cover its costs of equity.

– S.D. Standard ETC PLC ($LTS:0P3P)

Standard ETC PLC is an energy services company based in the United Kingdom. It provides a range of services including energy solutions, engineering and construction, building services, and asset management. As of 2022, the company has a market capitalization of 957.18M, putting it among the top UK energy companies in terms of market size. Its Return on Equity (ROE) of 10.76% indicates that the company is generating healthy returns for its shareholders. The high ROE also reflects Standard ETC PLC’s strong financial performance and efficient use of equity investments.

– Yellow Cake PLC ($LSE:YCA)

Cake PLC is a publicly traded company that focuses on the production and sale of cakes and other baked goods. The company has a market cap of 658.81 million USD as of 2022, indicating that the market values the company at a significant amount. The return on equity (ROE) for Cake PLC is -0.79%, however, suggesting that the company is not able to generate a large amount of profit from its investments.

Summary

Washington H. Soul Pattinson and Co. Ltd is a well-established Australian investment company. Over the last three years, the company has delivered an average dividend yield of 2.3% to its shareholders. In 2021, this rate was 2.68%, in 2022 it was 2.02% and in 2023 it was 2.19%.

These figures demonstrate the consistent return on investment for shareholders, despite the volatility of the global markets. With such a strong and consistent dividend yield, Washington H. Soul Pattinson and Co. Ltd is an attractive and reliable option for investors looking to build a stable portfolio.