Pacific Current (ASX:PAC) share price down despite FUM growth of 24% fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
3 secret ASX dividend shares with large yields
Tristan Harrison | January 13, 2021 5:35pm |
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There are some ASX dividend shares that have small market capitalisations but large dividend yields.
These are businesses that are already paying shareholders some of the profit each year, but they are earlier on in their expansion plans.
Here are those small dividend-paying businesses:
Propel has a trailing grossed-up dividend yield of 4.8%. According to the ASX, it has a market capitalisation of $295 million.
It’s the second largest funeral operator in Australia and New Zealand. Propel’s core business is regional funeral businesses, though it’s also looking to expand into metropolitan areas as well. For example, it recently acquired the Dils Group which operates primarily on the North Shore of Auckland in New Zealand.
Pacific Current Group Buys Stake in Astarte Capital Partners
Posted on 01/09/2021
Before year 2020 closed, Australia-based asset management firm Pacific Current Group Ltd. revealed it agreed to purchase a minority interest in London-based investment manager Astarte Capital Partners LLP. Pacific Current Group will invest £4.4 million to provide operating capital to Astarte and buy out passive shareholders in exchange for approximately 40% of Astarte’s net income. About 35% of the consideration is likely to be deferred until July 2021. Astarte Capital focuses on private market real asset strategies.
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3 ASX shares to buy for 2021
Tristan Harrison | December 31, 2020 1:51pm |
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There are three ASX shares in this article that could be solid performers during 2021, if 2020 trends are continued.
Here are three ideas:
Pacific is a multi-boutique asset management business that wants to partner with “exceptional” investment managers. It provides strategic business development to help them grow, either with funding or expertise.
Dean Fremder of
Perpetual Limited(ASX: PPT)said when Pacific Current shares were a bit lower: “The stock’s really cheap. It’s on nine times earnings. It’s growing earnings at double digits, so more than 10% a year. It is paying a 6.5% fully franked yield. And most excitingly, we think they can pay out a much larger portion of their earnings as dividends. We see no reason, given the surplus franking credits they have on the balance sheet, they can’t be paying a 10 or 11% fully franked yi