FY24 HALF-YEAR RESULTS & DIVIDEND DECLARATION
NAOS Emerging Opportunities Company Limited declared an interim dividend of 3.75 cents per share for the half-year ending 31 December 2023, partially franked at 50%.
Since inception, total dividends declared amount to 76.25 cents per share, representing an annualized dividend yield of 12.10% and a grossed-up yield of 14.11% based on the 21 February 2024 share price.
The company reported an after-tax loss of $4.43 million for the six-month period to 31 December 2023.
The investment portfolio returned -7.82% for the 6 months to 31 December 2023.
Long-term investment portfolio performance since inception is +7.76% per annum, with an outperformance to benchmark of +2.70% per annum.
Cumulative gross franked dividends since inception are 103.2 cents per share.
Shareholders have the option to participate in the Dividend Reinvestment Plan (DRP) by 27 March 2024.
The ex-dividend date is set for 25 March 2024, with the dividend payment date
on 24 April 2024.The company's profit reserve as at 31 December 2023 is 34.0 cents per share.
NAOS aims to provide shareholders with a sustainable, growing stream of dividends, franked to the maximum extent possible.
This announcement is a summary of the company approved ASX announcement on 22/2/2024.