Do you own this Aussie world beater? (It’s not too late)
We Aussies like little more than a good underdog story. It’s in our blood.
So when one of ours does better than some of theirs, we’re fans. It explains in no small part why BHP Billiton Limited (ASX:BHP) is regarded so affectionately. But there’s more to Australia than holes in the ground.
The list of winners is long and impressive: Flight Centre Travel Group Ltd (ASX:FLT), Cochlear Limited (ASX:COH), ResMed Inc. (CHESS) (ASX:RMD) and CSL Limited (ASX:CSL) are but a few of our great exports, besides Foster’s (they never saw it coming) and Hoges.
But there’s one company that has continued to do fantastically well here and overseas, but is still mostly under the radar. And, full disclosure, I own the shares, as does The Motley Fool.
The company is Corporate Travel Management Ltd (ASX:CTD), and it’s a beauty.
Run by a founder-owner who cares — a lot — about the company’s culture and success, CTM now has offices in Australia and New Zealand, as well as the USA, Asia the UK and mainland Europe. From a small operation in Brisbane, CTM is taking it to — and beating — the world.
And it’s not done yet. The corporate travel market is specialised and hugely fragmented, and CTM brings systems, service and a sales culture that should continue to see the company succeed for years to come.
If you don’t own it, why not? One reason might be it’s (very reasonably!) low yield. If you’re looking for income instead, you might want to have a look at this business, instead.
A Big, Fat, Fully Franked Dividend
This company's dividend is almost the stuff of legends. Since it started paying dividends in 2007, it has increased its payout to shareholders every single year, a run that includes 21 consecutive dividend increases.
Based on the last 12-months of dividends, its shares are currently offering a fully-franked 4.8% yield, which grosses up to almost 7% when those franking credits are included. And in stark contrast to the likes of Commonwealth Bank and Telstra, this company just increased its dividend by over 13%, and guided for 2017 profits to grow by 20%!
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Motley Fool contributor Scott Phillips (TMFGilla) owns shares of Corporate Travel Management Ltd (ASX:CTD). The Motley Fool Australia owns shares of Corporate Travel Management Limited and Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.