Ryder Capital Ltd. (AU:RYD) has released an update.
Ryder Capital Ltd. has announced a robust financial performance for FY24, with a significant 363% increase in comprehensive income after tax to $18.1m and a 25.15% rise in pre-tax NTA to $1.3875 per share. The company has confidently raised its final dividend by 18% to 5.0 cents per share, fully franked, based on a strong investment performance that outstripped both its own hurdle rate and comparable ASX indices. Despite paying dividends that surpassed realised profits, Ryder Capital retains a solid profit reserve and is poised to continue offering steady or increasing fully franked dividends in the future.
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