MENU

Navitas Limited holds fully franked dividend, yields 3.8%

Education provider Navitas Limited (ASX: NVT) has declared a final dividend of 10.1 cents per share, bringing the fully franked full year dividend to 19.5 cents per share for FY14, in line with last year’s payout.

In July 2014 Navitas shares plunged as much as 37% after the company announced that from early 2016, Macquarie University intended to establish its own college to offer its pathway programs from school to university.

Based on a share price of $5.08, Navitas Limited shares trade on a dividend yield of 3.8%.

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.