Codan Ltd (ASX: CDA) Share Price and News

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Codan Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.94 billion
P/E Ratio 26.25
Dividend Yield 1.85%
Shares Outstanding 181.32 million
Earnings per share 0.413
Dividend per share 0.21
Year To Date Return 28.01%
Earnings Yield 3.81%
Franking 100%
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as at 24 Feb 3:44pm

  • Codan Ltd (ASX: CDA)
    Latest News

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    Why Codan, Domino's, Lottery Corp, and Wisetech shares are storming higher today

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    Earnings Results

    Codan share price dives 10% after 33% profit slump

    The metal detection and mining technology provider is struggling big time on Monday.

    Read more »

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    Share Gainers

    Why Bapcor, Codan, Mirvac, and Pact shares are racing higher

    These ASX shares are defying the odds and racing higher.

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    Opinions

    This ASX 300 share is up more than 70% since making my 2023 buy list. Would I still invest?

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    Frequently Asked Questions

    Yes, Codan has historically paid two fully franked shareholder dividends a year.

    Codan generally pays its dividends in March and September. 

    Yes, Codan has a dividend reinvestment plan that allows shareholders to use all or part of their dividend payments to purchase additional Codan shares.

    Codan Ltd listed on the ASX on 27 November 2003.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    26 Feb 2024 $0.1050 100.00% Interim 12 Mar 2024
    05 Sep 2023 $0.0950 100.00% Final 20 Sep 2023
    23 Feb 2023 $0.0900 100.00% Interim 10 Mar 2023
    25 Aug 2022 $0.1500 100.00% Final 07 Sep 2022
    23 Feb 2022 $0.1300 100.00% Interim 10 Mar 2022
    25 Aug 2021 $0.1650 100.00% Final 10 Sep 2021
    24 Feb 2021 $0.1050 100.00% Interim 11 Mar 2021
    27 Aug 2020 $0.1100 100.00% Final 11 Sep 2020
    26 Feb 2020 $0.0750 100.00% Interim 12 Mar 2020
    29 Aug 2019 $0.0500 100.00% Final 13 Sep 2019
    26 Feb 2019 $0.0250 100.00% Special Cash 13 Mar 2019
    26 Feb 2019 $0.0400 100.00% Interim 13 Mar 2019
    31 Aug 2018 $0.0450 100.00% Final 14 Sep 2018
    14 Mar 2018 $0.0400 100.00% Interim 03 Apr 2018
    14 Sep 2017 $0.0000 100.00% Special 03 Oct 2017
    14 Sep 2017 $0.0000 100.00% Final 03 Oct 2017
    14 Mar 2017 $0.0300 100.00% Special 03 Apr 2017
    14 Mar 2017 $0.0300 100.00% Interim 03 Apr 2017
    14 Sep 2016 $0.0400 100.00% Final 04 Oct 2016
    11 Mar 2016 $0.0200 100.00% Interim 01 Apr 2016
    09 Mar 2012 $0.0400 100.00% Interim 02 Apr 2012
    11 Mar 2011 $0.0400 100.00% Interim 01 Apr 2011
    14 Mar 2006 $0.0250 100.00% Interim 03 Apr 2006
    13 Sep 2005 $0.0350 100.00% Final 03 Oct 2005
    12 Mar 2004 $0.0250 100.00% Interim 01 Apr 2004

    CDA ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Codan Ltd

    Codan Ltd (ASX: CDA) develops electronics solutions for government, military, corporate, and consumer markets globally. The company provides products and services in communications, metal detection, and mining technology. Its businesses include Codan Communications, Minelab, Minetec, and Defence Electronics.

    Codan designs its own core products and has seven manufacturing facilities globally, including in Adelaide and Penang, Malaysia, where it can oversee production. It also has business, engineering, and technical support facilities in Canada, the US, the UK, Ireland, and the United Arab Emirates. The majority of the company's sales revenue is generated in the North American market. 

    CDA Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    17 May 2024 $10.84 $0.24 2.26% 537,064 $10.60 $10.88 $10.55
    16 May 2024 $10.60 $-0.12 -1.12% 323,374 $10.79 $10.83 $10.47
    15 May 2024 $10.72 $-0.01 -0.09% 160,513 $10.73 $10.85 $10.66
    14 May 2024 $10.73 $-0.07 -0.65% 176,352 $10.79 $10.83 $10.62
    13 May 2024 $10.80 $-0.12 -1.10% 151,778 $10.93 $11.05 $10.79
    10 May 2024 $10.92 $-0.22 -1.97% 166,183 $11.15 $11.23 $10.92
    09 May 2024 $11.14 $-0.02 -0.18% 377,311 $11.20 $11.45 $11.14
    08 May 2024 $11.16 $0.23 2.10% 468,227 $10.95 $11.18 $10.88
    07 May 2024 $10.93 $0.35 3.31% 184,680 $10.63 $10.93 $10.63
    06 May 2024 $10.58 $-0.13 -1.21% 194,859 $10.67 $10.71 $10.50
    03 May 2024 $10.71 $0.11 1.04% 261,217 $10.95 $10.95 $10.66
    02 May 2024 $10.60 $-0.03 -0.28% 171,482 $10.63 $10.71 $10.56
    01 May 2024 $10.63 $-0.32 -2.92% 170,517 $10.90 $10.96 $10.58
    30 Apr 2024 $10.95 $-0.05 -0.45% 206,460 $11.00 $11.00 $10.77
    29 Apr 2024 $11.00 $0.21 1.95% 149,178 $10.81 $11.02 $10.79
    26 Apr 2024 $10.79 $-0.15 -1.37% 172,683 $10.89 $11.01 $10.72
    24 Apr 2024 $10.94 $-0.05 -0.45% 324,335 $11.01 $11.28 $10.85
    23 Apr 2024 $10.99 $0.22 2.04% 327,698 $10.87 $11.10 $10.87
    22 Apr 2024 $10.77 $0.18 1.70% 132,778 $10.69 $10.77 $10.57

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    10 Nov 2023 Alfonzo (Alf) Ianniello Issued 99,809 $784,498
    Issue of securities. 156,828 Performance Rights
    05 Sep 2023 Heith Mackay-Cruise Buy 7,500 $58,950
    On-market trade.
    01 Sep 2023 Heith Mackay-Cruise Buy 2,500 $19,424
    On-market trade.
    08 Jun 2023 Sarah Adam-Gedge Buy 4,000 $29,000
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Ms Kathryn(Kathy) Joy Gramp Non-Executive Director Nov 2015
    Ms was Gramp appointed to the Board of Codan in November 2015. She has had executive career and over 24 years of Board experience across a diverse range of organisations and industry sectors. She has experience as Chair of Audit & Risk Committees. Prior to joining Codan, Kathy was CFO of Austereo Ltd. She joined Austereo in 1989 and retired in June 2011. In that time the company grew from 2 radio stations to the commercial radio network in Australia, and the leader in Digital and Online Media. Leadership roles and responsibilities included business planning & re-engineering, debt & equity raising, acquisitions & integration, capital investment, major IT projects, corporate governance, risk management, financial management, tax & accounting, change management and investor & key stakeholder relations. Further experience was gained through exposure to international markets such as Greece, UK, USA, South Africa, Argentina, Malaysia and New Zealand. She is Chair of Risk and Compliance Committee.
    Mr Graeme Barclay Non-Executive DirectorNon-Executive Chairman Feb 2015
    Mr Barclay is a former CEO with more than 35 years' experience in professional services, investment banking, broadcast infrastructure and telecommunications. Over the past 20 years Graeme has held Executive Chairman or Group CEO roles at BAI Communications, Transit Wireless LLC (New York), Nextgen Networks, Metronode data centres and Axicom group (formerly Crown Castle Australia), and for 8 years during this period was also an executive director in Macquarie Group's infrastructure team. In these roles, Graeme was responsible for all aspects of strategy, M&A, sales and business development, contract delivery and operations, as well as implementing the appropriate capital structure and raising equity and third-party debt for these businesses in Australia, UK, Hong Kong, Singapore, Canada, USA and New Zealand. Over the past 20 years in these businesses, Graeme led and completed more than 20 acquisition and Disvestment via a Scheme of Arrangement to a consortium of investors led by HRL Morrison and Brookfield Asset Management at an enterprise value of $3.8 billion in August 2022. Graeme was appointed to the Codan Board in 2015 and became Chairman in February 2023.
    Mr Heith Wray Mackay-Cruise Non-Executive Director Mar 2023
    Mr Mackay-Cruise was appointed to the Board in March 2023 and has been involved in the media, education and technology sectors over the past 25 years. In Heith's prior executive career, he was the founding CEO of Sterling Early Education, the Global CEO and Managing Director of Study Group, and CEO for PBL Media New Zealand. Heith also held senior executive positions with Australian Consolidated Press and worked in sales and marketing roles for PepsiCo around Australia.
    Ms Sarah Elizabeth Adam-Gedge Non-Executive Director Feb 2023
    Ms Adam-Gedge was appointed to the Board in February 2023. She has expertise in digital and technology businesses with an executive background that includes 12 years at IBM Global Business Services, and 8 years as CEO of Avanade Australia, Publicis Sapient Australia and Wipro Limited Australia and New Zealand. Sarah has international experience as a result of leadership roles in global information technology companies, and experience driving growth initiatives, working with customers and in different markets. Prior to joining IBM, Sarah was a Consulting Managing Partner at PWC, and Audit and Business Consulting Partner at Arthur Andersen.
    Mr Alfonzo (Alf) Ianniello Chief Executive OfficerManaging Director Jan 2022
    Mr Ianniello joined Codan as the Managing Director and CEO in January 2022, bringing with him international experience in the packaging, defence and automotive industries, holding senior positions with Schefenacker Vision Systems and British Aerospace. This international experience saw Alf manage major facilities in China, Vietnam, Singapore, Indonesia, and South Africa. Prior to this appointment, Alf was CEO of the Adelaide-based Detmold Group for 14 years and positioned Detmold to become a leading international packaging solutions provider with revenues reaching US$450 million. Alf has also held Board positions with SME's, Tertiary Institutions and Local Government. Alf attended the Wharton Business School Global CEO Program at the University of Pennsylvania in 2012.
    Mr Michael (Mike) Barton Chief Financial OfficerJoint Company Secretary Sep 2009
    -
    Mr Daniel Widera Joint Company Secretary Sep 2022
    -
    Michael (Mike) Barton Chief Financial OfficerJoint Company Secretary
    -
    Marjolijn Woods Chief Human Resource Officer
    -
    Scott French Executive General Manager- Zetron
    -
    Paul Sangster Executive General Manager Tactical Communications
    -
    Peter Charlesworth Executive General Manager-Minelab
    -
    Daniel Widera Joint Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    P M Wall 34,808,151 19.20%
    Dareel Pty Ltd 18,762,576 10.40%
    Citicorp Nominees Pty Limited 15,037,737 8.30%
    Hsbc Custody Nominees (Australia) Limited 14,298,513 7.90%
    J P Morgan Nominees Australia Limited 10,295,470 5.70%
    Kynola Pty Ltd 6,627,548 3.70%
    Starform Pty Ltd 6,404,224 3.50%
    National Nominees Limited 3,811,072 2.10%
    A Bettison 3,562,124 2.00%
    M K and M C Heard 2,400,000 1.30%
    Mitranikitan Pty Ltd 1,778,194 1.00%
    M Choate 1,575,690 0.90%
    Bnp Paribas Nominees Pty Ltd 1,391,453 0.80%
    J A Uhrig 1,364,848 0.80%
    Cedara Pty Ltd 1,107,254 0.60%
    Rosevine Pty Ltd 1,107,254 0.60%
    G Bettison 1,029,485 0.60%
    Warren Glen Pty Ltd 800,000 0.40%
    Griffina Pty Ltd 742,000 0.40%
    H Yu and W Han 670,554 0.40%

    Profile

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