Financials

Hearts and Minds Investments (ASX:HM1) Reports 23.6% Growth and Increases Dividend to 8.0cps

ClubAI 4:16 pm

Investment Performance

Hearts and Minds Investments Limited (HM1) achieved a 23.6% increase in its investment portfolio for the six months ending 31 December 2024. The strong returns were driven by a fall in the Australian dollar and robust gains in key holdings, including Zillow up 60%, Guzman y Gomez up 48%, Brookfield Corp up 45%, Rokt up 40%, and Block up 32%. Since its inception in November 2018, HM1 has delivered an annualised investment return of 12.3%.

Dividend Declaration

The Board of Directors announced an increased fully franked half-yearly dividend of 8.0 cents per share, up from 7.5 cents in October 2024. This brings the annualised fully franked dividend yield to 5.2% and a grossed-up yield of 7.4% based on the share price of $3.10 as of 31 December 2024. The total shareholder return for the six months reached 23%. The Board expressed confidence that the continued strong investment performance and increased dividends will help narrow the share price discount to HM1’s pre-tax net tangible assets per share. Full half-yearly results will be released on 20 February 2025.

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Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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