G8 Education Limited increases dividend by 28.5%

April 24, 2014

G8 Education today made the following announcement to the ASX:

G8 Education Limited is pleased to announce that it has increased its dividend from the equivalent of 14 cents per share per annum to 18 cents per share per annum. Dividends are paid quarterly and as a consequence, the quarterly dividend will increase from 3.5 cents per share to 4.5 cents per share, fully franked.

Payment of the higher interim dividend will commence from the next quarterly dividend, due to be paid to shareholders in July 2014, for the quarter ending 30 June 2014. G8 Education Limited Managing Director, Chris Scott, said: “We are pleased to announce this increase in the quarterly dividend from 3.5 cents per share to 4.5 cents per share, fully franked.  G8 Education Limited continues to be well positioned for the 2014 financial year and into the 2015 financial year. This increase reflects the strong performance of our operations.”
ENDS
Chris Scott

Following the release of the announcement G8 Education’s share price rose by 4%.

Source: ASX

Our Top Recommendations
Percentage returns as capital growth and dividends for year ended 31 July 2017
Challenger Limited
38.79%
Blue Sky Limited
22.97%
Altium Ltd
22.24%
Macquarie Group
21.70%
Crown Resorts CWNHB
18.79%
Platinum International Fund
18.26%
AMA Group
12.65%
Crown Resorts
9.59%
State Global Equity Fund
8.54%
CSL Limited
8.24%
ASX200 Accum Index (for comparison)
7.33%