EasyResearch Weekly Dividends Update

Last week, the JSE hit record highs, and the rand neared two-year peaks, driven by global sentiment following the US rate cut and optimism about the government of national unity, despite ‘shaky’ domestic fundamentals.

• A stronger rand also allows investors to exchange for offshore currency at a lower exchange rate, making offshore dividend investing 'cheaper'.

This week's dividend update includes stocks with a high dividend yield and a history of increasing their dividends, which you could consider for diversification.

• Gladstone Investment Corporation, a business development company focusing on middle-market acquisitions, will be paying a special dividend nearly 10 times its annual payout. The stock pays dividends monthly.
• TransDigm Group Inc., a leading supplier of engineered aerospace components, will also be paying a special dividend.
• MFF Capital Investments Ltd, an Australian company, has a strong record of growing dividends and pays twice yearly.
• Invesco Mortgage Capital Inc., a REIT, offers a dividend yield of up to 17% and pays dividends quarterly.

South Africa 

Motus Holdings Limited will be paying R2.85 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

African Rainbow Minerals Limited will be paying R9.00 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

Exxaro Resources Limited will be paying R7.96 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

Super Group Limited will be paying R0.60 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

Attacq Limited will be paying R0.39 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

Truworths International Ltd will be paying R1.97 per share. 

• Last trading date - 01 October 2024
• Payment date – 07 October 2024

United Kingdom

Phoenix Group Holdings Plc will be paying £0.26 per share.

• Last trading date - 02 October 2024
• Payment date - 31 October 2024

Weir Group PLC (The) will be paying £0.17 per share.

• Last trading date - 02 October 2024
• Payment date - 01 November 2024

Spectris plc will be paying £0.26 per share.

• Last trading date - 02 October 2024
• Payment date - 08 November 2024

Centrica PLC will be paying £0.01 per share.

• Last trading date - 02 October 2024
• Payment date - 14 November 2024

Australian

Myer Holdings Limited will be paying AU$0.005 per share.

• Last trading date - 02 October 2024
• Payment date - 21 November 2024

ARB Corporation Limited will be paying AU$0.35 per share.

• Last trading date - 02 October 2024
• Payment date - 18 October 2024

New Hope Corporation Ltd will be paying AU$0.22 per share.

• Last trading date - 02 October 2024
• Payment date - 24 October 2024

Perenti Limited will be paying AU$0.04 per share.

• Last trading date - 07 October 2024
• Payment date - 23 October 2024

MFF Capital Investments Ltd will be paying AU$0.07 per share.

• Last trading date - 07 October 2024
• Payment date - 01 November 2024

Reece Ltd will be paying AU$0.17 per share.

• Last trading date - 07 October 2024
• Payment date - 23 October 2024

American

Republic Services Inc will be paying $0.58 per share.

• Last trading date - 01 October 2024
• Payment date - 15 October 2024

AECOM will be paying $0.22 per share.

• Last trading date - 01 October 2024
• Payment date - 18 October 2024

Cisco Systems Inc will be paying $0.40 per share.

• Last trading date - 01 October 2024
• Payment date - 23 October 2024

Comcast Corp will be paying $0.31 per share.

• Last trading date - 01 October 2024
• Payment date - 23 October 2024

Campbell Soup Co will be paying $0.37 per share.

• Last trading date - 02 October 2024
• Payment date - 28 October 2024

Gladstone Investment Corporation will be paying $0.70 per share.

• Last trading date - 03 October 2024
• Payment date - 14 October 2024

TransDigm Group Inc will be paying $75.00 per share.

• Last trading date - 03 October 2024
• Payment date - 18 October 2024

JPMorgan Chase & Co will be paying $1.25 per share.

• Last trading date - 03 October 2024
• Payment date - 31 October 2024

Bristol-Myers Squibb Company will be paying $0.60 per share.

• Last trading date - 03 October 2024
• Payment date - 01 November 2024

American Express Company will be paying $0.70 per share.

• Last trading date - 03 October 2024
• Payment date - 08 November 2024

Marsh & McLennan Cos Inc will be paying $0.81 per share.

• Last trading date - 03 October 2024
• Payment date - 15 November 2024

Invesco Mortgage Capital Inc will be paying $0.40 per share.

• Last trading date - 04 October 2024
• Payment date - 25 October 2024
  
  

With the festive season approaching, tourists head to holiday destinations, presenting a market opportunity as money flows into the tourism sector.

Last week, the South African Reserve Bank (SARB) kept the repo rate at 8.25% for the seventh consecutive meeting in July 2024, as expected. Two policymakers favoured a 25 basis point cut. 

The year 2024 is poised to become a landmark moment in history, with over 2 billion people worldwide preparing to cast their votes in elections spanning countries like the US, India, the European Union, Mexico, and South Africa, as highlighted by the World Economic Forum.