NAOS Ex-50 Opportunities (ASX:NAC) Declares Quarterly Dividend and Reports Half-Year Loss
Dividend Declaration
NAOS Ex-50 Opportunities Company Limited has declared a fully franked quarterly dividend of 1.50 cents per share for the three months ending 31 December 2024. This results in an annualised fully franked dividend yield of 15.38% based on the 19 February 2025 closing share price. Since its inception, the Company has declared total dividends of 54.15 cents per share, all of which have been fully franked.
Financial Performance
The Company reported a half-year after-tax loss of $2.68 million for the period ended 31 December 2024.
Investment Portfolio Performance
The NAC investment portfolio returned -7.32% for the six months ending 31 December 2024.
Share Buyback
The share buyback program remains active, with 26% of shares on issue bought back since its commencement in June 2019, significantly accretive for shareholders.
Executive Comments
Sebastian Evans, NAOS Chief Investment Officer and Managing Director, stated: “While the first half of FY25 was disappointing for NAC, we remain optimistic about the path ahead. Signs of earnings growth are emerging as cost initiatives take effect, customer demand stabilises, and M&A activity gains momentum. Additionally, a more favourable macroeconomic environment, including potential interest rate cuts and stabilising inflation, may provide further tailwinds for our investments. We believe these factors position NAC for stronger performance in the coming periods, and we are seeing early signs of improvement, particularly given the positive performance in December and January.”
Motley Fool contributor Abbie Stokes 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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