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NAOS Ex-50 Opportunities Declares Dividend Amidst Losses but Sees Positive Future

Story Highlights
  • NAOS Ex-50 Opportunities declared a fully franked quarterly dividend of 1.50 cents per share.
  • Despite a $2.68 million loss, the company is optimistic about future performance due to stabilising demand and cost initiatives.
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NAOS Ex-50 Opportunities Declares Dividend Amidst Losses but Sees Positive Future

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NAOS Ex-50 Opportunities Co. Ltd. ( (AU:NAC) ) just unveiled an update.

NAOS Ex-50 Opportunities Co. Ltd. has declared a fully franked quarterly dividend of 1.50 cents per share for the quarter ending December 2024, which translates to an annualised dividend yield of 15.38%. Despite recording an after-tax loss of $2.68 million for the same period, the company is optimistic about future performance due to stabilising customer demand, cost initiatives, and potential macroeconomic improvements. The company remains committed to shareholder value through dividends, an active share buyback program, and a Share Purchase Plan that raised approximately $2.4 million.

More about NAOS Ex-50 Opportunities Co. Ltd.

YTD Price Performance: -4.76%

Average Trading Volume: 54,403

Technical Sentiment Consensus Rating: Buy

For an in-depth examination of NAC stock, go to TipRanks’ Stock Analysis page.

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