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Whitefield Ltd Reports Strong Earnings and Dividend Increase

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Whitefield Ltd Reports Strong Earnings and Dividend Increase

Whitefield Ltd ( (AU:WHF) ) has provided an announcement.

Whitefield Ltd has announced a 4.4% increase in profit after tax to $14,968,448 for the nine months ending December 2024, with earnings per share rising by 5.1% to 12.5 cents. This growth was driven by stronger earnings from key investments such as IAG, The Lotteries Corp, and major banks, despite some companies like Magellan Financial cutting dividends. Additionally, Whitefield increased its half-year dividend to 10.5 cents per share and anticipates a similar increase for the year-end dividend. The company’s net asset backing per share post-deferred tax stands at $5.54, with a slight premium in share price.

More about Whitefield Ltd

YTD Price Performance: -2.51%

Average Trading Volume: 44,609

Technical Sentiment Consensus Rating: Sell

See more data about WHF stock on TipRanks’ Stock Analysis page.

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