This dividend stock has crushed the ASX 200 index in the past 12 months


The Platinum Asset Management Limited (ASX:PTM) share price is 3 cents lower today at $6.12, trading around the midpoint of its 52 week range.

Platinum Asset Management shares are now up almost 32 per cent over the past 12 months, soundly out-performing the return of the ASX 200, the benchmark index gaining 5.5 per cent in the past year.

It’s when you zoom out a little further that you can put the performance of Platinum Asset Management shares into perspective.

Over the past 5 years,Platinum Asset Management shares have gained around 10 per cent in total. That compares to a total gain in the S&P/ASX 200 Index of almost 29 per cent over the same period.

Source: The Capital Club

Platinum Asset Management is an Australian based fund manager which specialises in investing in international equities.

Last month Platinum Asset shares jumped almost 8 per cent higher as investors welcomed the group’s return to a net inflow position in April.

Platinum reported that funds under management (FUM) increased to $28 billion in April, a 2.6 per cent increase from the March level of $27.3 billion, and the group’s highest FUM level since October 2015.

At the time, broker Ord Minnett upgraded the Platinum shares two notches to “Buy” from “Sell,” placing a share price target of $6.50 on the company.

Platinum pays a strong fully franked dividend

Over the past 12 months, Platinum has paid a total of 31 cents dividends per share.

At a share price of $6.12, this means Platinum Asset shares trade on a fully dividend yield of 5.1 per cent.

The dividend yield compares favourably with fellow asset manager Magellan Financial Group Ltd (ASX:MFG). With Magellan Financial shares trading at $23.64, they trade on a fully franked dividend yield of 3.9 per cent.

In February, Platinum Asset Management said its business is well placed, with a strong position in the Australian retail market. It said the desire for higher foreign equity exposure continues to increase in Australia, and new offshore initiatives provide a platform for growth over the medium term. 

Here’s how you can strike it rich in the share market…

The best way to strike it rich in the share market is to buy shares that are not only cheap, but growing quickly.

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

Best of all, the report is absolutely free, exclusively for readers of The Capital Club.

In this comprehensive free report, you’ll find the name of one ASX gold stock that’s not only profitable, but trading at less than 4 times forecast profits.

You’ll also discover the name of a company one fund manager has called the cheapest stock in the ASX 100, and you’ll read about the three catalysts that could push the share price higher in the next six months.

Finally, the report names one of the cheapest retailers trading on the ASX, a company that just picked up the assets of a distressed competitor on the cheap, paying just 2 times earnings. No wonder one top fund manager thinks its share price could at least double.

With the share prices of each of these 3 companies having the potential to double or more, you’ll want to act now. Simply click here or the button below, enter your email address, and this free report will be instantly sent to you.

See the 3 stocks

Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at