Cadence Capital reports 7.6% yield

Company News


Cadence Capital Limited (ASX:CDM) has reported a net profit of $27.4 million and declared a final dividend 5 cents and a special dividend of 1 cent. 
 
Chairman Karl Siegling says the portfolio has 59 per cent exposure to overseas earnings which are offering far more attractive returns than Australia at the moment. 
 
This strategy has allowed the fund a gross performance of 11.42 per cent well above the market performance of 5.75 per cent. 
 
The dividends provide a fully franked yield of 7.6 per cent. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.