13 is lucky if you like dividends!
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Thirteen is unlucky for some. For income investors, it just showed up as a 13% year-on-year lift in the total dollar value of dividends announced through August reporting season.
On our numbers, 66% of companies increased their payout, 10% held flat, and 24% cut. So, it’s a pretty good time to be an income investor.
It was resources that did the heavy lifting. Elsewhere it was a mixed bag with Coles and Woolworths quietly delivering ~16% profit and dividend growth. Consumer discretionary had a tougher time, with housing and higher electronics costs weighing on the usual suspects.
For all the hits, misses, and a few genuine surprises, watch our full 9-minute wrap-up below.
Managed Fund
Plato Australian Shares Income Fund
Australian Shares
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LIC
Plato Income Maximiser (PL8)
Australian Shares
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Peter is a Senior Portfolio Manager and manages the Plato Australian Shares Income Fund. He is a founder of Plato and has 15 years investment experience. Peter received 1st Class Honours and a PhD from UNSW.
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Peter is a Senior Portfolio Manager and manages the Plato Australian Shares Income Fund. He is a founder of Plato and has 15 years investment experience. Peter received 1st Class Honours and a PhD from UNSW.
Expertise
Peter is a Senior Portfolio Manager and manages the Plato Australian Shares Income Fund. He is a founder of Plato and has 15 years investment experience. Peter received 1st Class Honours and a PhD from UNSW.
Expertise
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