Perpetual Equity Investment Co. Ltd. (AU:PIC) has released an update.
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Perpetual Equity Investment Company Limited (PIC) has announced a consistent fully franked dividend of 4.0 cents per share for the second half of FY24, contributing to a record annual dividend yield of 6.5%. With a net profit after tax of $28.6 million, the company maintains a robust profit reserve, ensuring 2.7 years of dividend coverage. The company’s investment performance continues to exceed benchmarks, promising a stable income stream for shareholders amid economic uncertainties.
For further insights into AU:PIC stock, check out TipRanks’ Stock Analysis page.