COG Financial Services Limited (ASX: COG) presents the audited results for the financial year ending 30 June 2024. Shareholders can anticipate a 2% increase in underlying NPATA to AU$24.2 million, demonstrating a 12% increase. The company upholds its EPSA of 12.56 cents per share. Additionally, a fully franked final dividend of 4.4 cps has been declared. With total FY24 dividends remaining consistent with the previous year at 8.4 cps, this projects an annualised dividend yield of 7.5%, an encouraging 1.4% increase from FY23.
Net Assets Financed have impressively grown to AU$8.9 billion, marking a remarkable 15% increase from the previous year. This has resulted in COG securing an estimated 21% market share of broker-originating NAF for commercial equipment finance. Furthermore, assets under management have experienced a substantial 19% growth, amounting to AU$936.3 million. COG has strategically expanded its portfolio by acquiring a 100% interest in the car and lifestyle asset aggregation groups National Finance Choice and United Financial Services and a 20% interest in Centrepoint Alliance Limited.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
