The company that could be crowned as Australia's first Dividend Aristocrat in 2025
Livewire Markets Livewire Markets
45.9K subscribers
5,448 views
0

 Published On Mar 21, 2024

Dividend Aristocrats are the cream of the crop of listed companies. Throughout the good times and bad - the recessions, market corrections and economic challenges - these companies have increased their dividends consistently every year for 25 years or more.

Zero companies on the ASX have done this... But now one, Washington H. Soul Pattinson (ASX: SOL) is incredibly close.

Over the past 24 years, Soul Patts, as it's affectionately known, has increased its dividends at a compound annual growth rate of 9.6% per annum. On Thursday, the diversified investment house - which long ago was just a pharmacy operator - announced an interim dividend of 40 cents per share, up 11.1% compared to the previous first half.

And CEO Todd Barlow believes this dividend growth won't be slowing anytime soon.

"We organise the portfolio to generate that cash return so we can keep that track record alive because it's something that we're very proud of," Barlow says.

"There's no other company on the ASX that has a track record of increasing dividends 24 years in a row, so I certainly don't want it to [change] on my watch."

In this C-Suite interview, Barlow takes investors through some of the highlights of Soul Patts' latest result, and shares why he doesn't believe profits are an accurate measure of investment performance (which I should say is convenient, given profits fell 33% during the half).

He also addresses some of the firm's major investments of late - including bigger stakes in Perpetual (ASX: PPT), uranium producer NexGen Energy (ASX: NXG), and a renewed push into agriculture investments.

Follow us:
Linkedin:   / livewire-markets  
Twitter:   / livewiremarkets  
Google: https://news.google.com/publications/...

🎧 Listen to our podcasts 🎧

📊 The rules of Investing
Spotify 🎙️: https://open.spotify.com/show/4yjyRDX...
Apple Podcasts 🍏: https://podcasts.apple.com/au/podcast...

📈 Buy Hold Sell
Spotify 🎙️: https://open.spotify.com/show/1RVgsnq...
Apple Podcasts 🍏: https://podcasts.apple.com/au/podcast...

General Advice Warning
Livewire gives readers access to information and educational content provided by financial services professionals and companies (”Livewire Contributors”). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

show more

Share/Embed