Financial Performance and Dividend Declaration by Djerriwarrh Investments Limited

Djerriwarrh Investments Limited (ASX: DJW) released its half-year financial report for the period ending December 31, 2023. The portfolio demonstrated a robust performance, yielding a 9.3% return including franking, outperforming the S&P/ASX 200 Accumulation Index which returned 8.3%. The 12-month portfolio return reached 17.6%, surpassing the index's 14.0%.

The company reported a half-year profit of $12.8 million, marking a 40.7% decline from the previous corresponding period. However, the Net Operating Result increased to $21.9 million, up 2.6% from the prior year, influencing the decision to maintain the interim dividend at 7.25 cents per share, fully franked. Djerriwarrh aims to provide shareholders with an enhanced yield through strategic investments and option strategies, maintaining a focus on long-term capital growth.

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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.

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