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An update from Hearts and Minds Investments Ltd ( (AU:HM1) ) is now available.
Hearts and Minds Investments Ltd announced an increased half-year fully franked dividend of 8.0 cents per share, driven by strong investment performance and a significant rise in profits for the half year ending December 31, 2024. The company reported a total comprehensive income after tax of $115.3 million, a substantial increase from the previous year, with investment returns bolstered by a weaker Australian dollar. Key performers in their portfolio included Zillow, Guzman y Gomez, and Brookfield Corp. Additionally, HM1’s commitment to philanthropy is demonstrated through its $4.5 million funding to medical research in the same period. The announcement also marks a leadership transition with Brett Jollie taking over as CEO.
More about Hearts and Minds Investments Ltd
Hearts and Minds Investments Ltd (HM1) is an ASX-listed investment company established in 2018. It focuses on a concentrated global equities portfolio, drawing high conviction ideas from respected fund managers. The company uniquely combines investment with philanthropy by supporting Australian medical research organizations. HM1 is recognized as one of Australia’s Top 30 Corporate Philanthropists, having donated over $78 million.
YTD Price Performance: 10.97%
Average Trading Volume: 184,926
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on HM1 stock on TipRanks’ Stock Analysis page.
