Australian Education promises strong dividend growth
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Start your free 15 day trial now' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Australian Education Trust (AEU) said it will lift dividends again for the current financial year as net profit surged in 2012-13.
The childcare property owner, which is managed by Folkestone Investment, revealed a 71% uplift in net profit to $39.7 million for the year ended June 30, as total revenue inched up 1.7% to $41 million.
More importantly, the trust increased distribution by 7% to 10.7 cents per unit for 2012-13 and indicated that distributions will rise by 12.1% to 12 cents per unit in 2013-14 (see The next dividend dazzlers).
Most of the increase in profit has come from the $19.6 million upward revaluation of its properties, although gains in derivatives held on its books are not hurting either.
The stock jumped 1% to $1.50 this morning. Australian Education is part of the Uncapped 100.