G8 BOOSTS DIVIDEND
Written on the 21 February 2013
CHILDCARE centre operator G8 Education has boosted its annual dividend by 25 per cent with the company’s total payout for the year rising to 10c.
The Gold Coast-based company, Australia’s largest listed childcare centre group, had been paying a quarterly dividend of 2c-a-share previously and from April will start paying 2.5c a quarter.
The dividend announcement comes ahead of G8 Education announcing its full-year results for calendar 2013 and follows an announcement earlier this week of another round of acquisitions totalling $18.7 million.
G8 Education’s managing director Chris Scott says the company is “well placed” for the year ahead.
G8 has previously indicated it will beat the average $19 million net profit forecast by a group of analysts for the 2012 calendar year.