Downer EDI shares trade ex-dividend

Infrastructure, mining and rail services group Downer EDI (ASX: DOW) trades ex-dividend today.

Earlier this month, Downer EDI reported underlying net profit after tax (NPAT) of $215.4 million, up 10.3% on the 2012 financial year, a respectable result in a tough year for companies exposed to the mining sector. Competitors like Leighton Holdings (ASX: LEI) and Boart Longyear (ASX: BLY) have been hit a lot harder.

The 11 cents partially franked (70%) final dividend will be paid on 24 September 2013 to Downer shareholders on the register at the close of business on 20 August 2013.
Over the past year, Downer EDI shares have risen 17%, although they are down 24% in the last 5 months.

Trading around $4.20, Downer EDI shares trade on a forecast dividend yield of 5.6%. By comparison, Monadelphous Group (ASX: MND) traded on a forecast dividend yield of 7.5%.

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