Alright, tech investors! Buckle up, because we've got some exciting news for you. Bailador Technology Investments (ASX:BTI) has just announced a whopping dividend increase to A$0.037 per share. That's right, you heard it here first! But what does this mean for you, and how does it stack up against the competition? Let's dive in and find out.
First things first, let's talk about the elephant in the room: the dividend yield. With this increase, BTI's annual dividend yield has skyrocketed to a mouth-watering 7.81%. That's right, you could be pocketing nearly 8% of your investment in dividends every year. Not too shabby, huh?
Now, you might be wondering how this stacks up against other tech dividend stocks on the ASX. Well, according to Simply Wall St, BTI's dividend yield is right up there with the best of them. In fact, it's even higher than some of the big-name tech stocks like Afterpay (ASX:APT) and Xero (ASX:XRO). So, if you're looking for a tech dividend stock that can compete with the big boys, BTI might just be your ticket.
But what about the payout ratio? Well, BTI's dividend payout ratio for the six months ended in Jun. 2024 was 0.70. This means that the company is paying out 70% of its earnings as dividends to shareholders. While this might seem high, it's important to remember that BTI has a history of consistent dividend growth. Over the past 12 months, the company's average dividend per share growth rate was 4.00% per year, and over the past 10 years, it was 5.40% per year. So, while the payout ratio might be high, it's clear that BTI has been able to sustain its dividend payments and growth.
Now, you might be thinking, "This all sounds great, but what's the catch?" Well, there's no catch, really. BTI's dividend increase is a result of the company's strong financial performance and a desire to reward shareholders. Plus, with a dividend yield this high, you can be sure that BTI is committed to maintaining a healthy payout to its investors.
So, if you're looking for a tech dividend stock that can compete with the best of them, look no further than Bailador Technology Investments (ASX:BTI). With a dividend yield of 7.81% and a history of consistent dividend growth, BTI is a solid choice for any investor looking to boost their income. Just remember, as with any investment, it's important to do your own research and consider your personal financial situation before making any decisions.
In conclusion, BTI's dividend increase is a win-win for shareholders. Not only does it boost the company's dividend yield to a competitive level, but it also demonstrates BTI's commitment to rewarding its investors with a healthy payout. So, if you're looking for a tech dividend stock that can help you boost your income, BTI might just be the perfect fit. Just remember to do your own research and consider your personal financial situation before making any decisions. Happy investing!
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