Soul Patts (ASX:SOL) Delivers 9.9% Growth in Cashflow, Increases Interim Dividend by 10%
Financial Performance
Soul Patts reported a 9.9% increase in Net Cash Flow From Investments to $289.5 million and a Net Asset Value (pre-tax) growth of 2.6% to $12.1 billion for the half year ended 31 January 2025.
Dividend and Shareholder Value
The company declared a fully franked interim dividend of 44 cents per share, a 10% increase from the prior corresponding period, marking the 25th consecutive year of dividend growth.
Executive Comments
Managing Director & CEO, Todd Barlow, said: “Our commitment to long-term value creation, decisive investment strategies and an open mandate to seek the highest quality returns continues to benefit our shareholders.”
Motley Fool contributor Matt Burgess has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. 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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