Image Sourced ShutterStock
Market Herald logo


Be the first with the news that moves the market
  • In what the company described as a period of difficulty for Australian business, BKI Investments celebrated its successful financial year performance with giving out additional dividends to its shareholders
  • On top of an already announced 3.70 cents and 1.50 cents per share, the company announced a gifting of a further one cent per share to its investors
  • In this morning’s media release to the ASX, the company touted a strong performance amidst rate cuts, global trade wars and a weakened housing market
  • Despite claimed tough periods, BKI was able to finish the financial year performance with 12.7 per cent in financial growth for its operational income reaching $54.25 million

Shareholders in BKI Investments will feel loved today after the company celebrated its full year performance by releasing extra special dividends.

On top of already announced dividends of 3.70 cents and 1.50 cents per share, the company will gift shareholders an additional fully franked special dividend of one cent per share.

“The special dividend announced today is the Company’s seventh paid to shareholders since the company listed fifteen years ago,” company Co-Portfolio Manager, Tom Millner said.

Last financial year, the company rounded off paying out total dividends of 7.325 cents per share.

Today’s news caps off for the company celebrating the 2019 financial year with a total 8.25 cents per share in shareholder dividend payments.

Total yearly growth in the company’s financial year results have reached 12.7 per cent. This marks its income from operations hitting $54.25 million from $48.13 million.

By June 30 this year, the company’s franking account balance was of $26,228,049, sufficient to pay 8.40 cents per share. BKI’s net portfolio returns at the end of the financial year also chalked up to a strong 9.4 per cent.

Among the positive sentiments from the company’s solid media release to the ASX, it cited its strength in a particularly difficult business period for Australian business.

The company cited the Royal Commission into the Australian Banking System, a devaluation of housing prices and global trade war scares.

At the centre of woes, the company also included a mention of rate cuts with The Reserve Bank of Australia offering its record low 1 per cent cash rate.

“We expect there will be several periods of opportunity for long‐term investors in the year ahead and that patience will pay off,” Co-portfolio Manager Will Wulbert said.

Amongst the company’s largest portfolio investments are Commonwealth Bank, NAB, Macquarie Group, Westpac and BHP.

“The Directors and Portfolio Managers of BKI will continue to ensure the company achieves its goals of investing for the long term in profitable, high yielding and well managed companies,” Tom Millner concluded.

Shares in BKI today are only marginally different, trading for $1.66 a piece – a premium of 2.47 per cent. The company’s most recent market cap valuation is of $1.183 billion.

BKI by the numbers
More From The Market Herald

" Credit Intelligence (ASX:CI1) launches ‘green’ BNPL

Credit Intelligence (CI1) will combine its buy now pay later platform with a number of other businesses in Hong Kong to offer green
Raiz Invest (ASX:RZI) - CEO Australia & Group COO, Brendan Malone

" Raiz Invest (ASX:RZI) announces investment by Seven West Media (ASX:SWM)

Media giant Seven West Media (SWM) has taken an investment stake in Raiz (RZI), in order to accelerate the growth of the financial

" CD Private Equity Funds Series releases half-year updates

The CD Private Equity Fund Series has released its latest half-year update for all three of its ASX-listed funds.