GUD Holdings shares trade ex-dividend, down 30% YTD

GUD Holdings (ASX: GUD), best known for its Sunbeam brand, trades ex-dividend today.

Last month GUD reported sales fell 2% to $596 million, which wasn’t ’t too bad considering the tough economic environment, but underlying profit after tax fell a more worrying 15% to $37 million.

Shareholders have benefited over the past two years from special dividends thanks to the sale of shares in Breville Group (ASX: BRG).

The 26 cents fully franked final dividend will be paid on 3 September 2013 to GUD shareholders on the register at the close of business on 20 August 2013. On top of that, GUD shareholders will receive a special 10 cents special dividend.
Year to date, GUD Holdings has fallen over 30%.

Trading around $6.00, GUD Holdings trades on a forecast dividend yield of 8.7%, putting it up there with Myer (ASX: MYR) and OrotonGroup (ASX: ORL) as one of the higher yielding ASX stocks.

If YOU are looking for more fully franked dividend paying stocks, check out “The Motley Fool’s Top Dividend Stock for 2013-2014.” In this special free report, find out the name, ASX symbol and full investment case for this top dividend paying stock. Click here now for instant free access.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.