Australian Dividend News 21/10/2015

The benchmark S&P/ASX 200 index was up 0.2%, or by 12.7 points, to 5248.3 points on Wednesday. The banks finished mixed, with ANZ up 0.6 per cent to $28.56, Commonwealth Bank firming 0.1 per cent to $75.81, National Australia Bank falling 0.1 per cent to $31.72 and Westpac dropping 0.3 per cent to $30.75. Among the other blue chips, Telstra gained 0.4 per cent to $5.47 and Rio Tinto put on 1.2 per cent to $52.78.

BHP Billiton added 1 per cent to $24.23 after making a better-than-expected start to the 2016 financial year, with its iron ore, copper and petroleum divisions performing ahead of where most analysts were predicting.Woolworths put on 0.5 per cent to $26.95 as speculation mounts it will pull the plug on the loss-making Masters chain, its $2.2 billion foray into the home-improvement market. Medibank Private slipped 2.3 per cent to $2.49 after chief executive George Savvides announced he would retire in March next year, little more than a year after the federal government floated the insurer in a $5.7 billion IPO  To read the complete report click here

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Latest Dividend News – 20/10/2015

The benchmark S&P/ASX 200 index was up 0.03%, or by 1.5 points, to 5269.70 points on Monday. Westpacfinished the day up 3 per cent at $31.34. Fellow big banks also rose slightly: ANZ Banking Group added 0.7 per cent to $28.86 and National Australia Bank rose 0.6 per cent to $31.93, while the Commonwealth Bank of Australia finished lower, down 0.2 per cent at $76.43. Telstra led the downward momentum, losing 2.6 per cent to $5.30, closely followed by BHP Billiton finishing 1.2 per cent lower on $24.71  To read the complete report click here   

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Australian Dividend Stocks News – 13/10/2015

The benchmark S&P/ASX 200 index was down 0.6%, or by 30  points, to 5202.9 points. The energy giants all lost value: Santos 6.2 per cent lower at $5.56, Origin Energy 5.4 per cent at $5.93 andWoodside Petroleum shed 2 per cent to close at $31.36. Meanwhile, the miners finished lower. Rio Tinto finished down 2.6 per cent at $53.4, BHP Billiton dropped 2.2 per cent to $24.81, while iron ore major Fortescue slumped 8.8 per cent to $2.19.
 
ANZ led the market up after revealing its plans to target China’s booming middle class. It finished up 0.6 per cent at $28.51 while fellow big banks languished. Commonwealth Bank of Australiafinished 0.6 per cent lower at $74.23, Westpac lost 0.6 per cent at $30.44 and National Australia Bank was down 0.6 per cent at $31.23. Another leader of gains was the Transurban Group, which continued to be buoyed by strong growth numbers revealed earlier this week. It closed up 2.6 per cent at $10.06. To read the complete report click here

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Should you buy Caltex Australia Limited for their dividend ?

Caltex Australia Limited (ASX: CTX) reported a net profit after tax of $375 million during the first half of 2015, which is an increase of 130% on a year over year basis, as the group derived over $29 million after tax with the sale of its surplus property in Western Australia. Lytton refinery’s EBIT surged by $114 million to $154 million during the period. Moreover, the company also witnessed crude and product inventory gains of $95 million after tax as compared to the crude and product inventory losses of $10 million after tax in the corresponding period of last year. Caltex Australia doubled its EBIT to $551 million in 1H15, against $275 million in the prior corresponding period. The group’s earnings per share improved to 139 cents during the period from 60 cents per share in 1H14. Management reported a fully franked interim dividend of 47 cents per share, which is on track with its dividend pay-out ratio range projection of 40% to 60%.

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