Diverger (ASX: DVR) Results Boast Improved Dividend
The FY 2022 Diverger results show profits and dividends up about 20%, which is quite unusual for a company trading on less than 12 times EPS.
Diverger (ASX: DVR) was formerly known as Easton Investments (ASX: EAS) and provides backend compliance, licensing and training to accountants and financial advisers. The company provides accounting training via businesses such as Knowledge Shop and Tax Banter. It provides AFSL compliance and licensing through businesses such as Paragem.
The FY 2022 Diverger results show profits and dividends up about 20%, which is quite unusual for a company trading on less than 12 times EPS.
These 5 well established businesses have all seen insiders snapping up shares at close to or above current prices.
Diverger had a flat half but that’s not bad given its attractive price. And the company has credible growth plans going forward, offering potential upside.
By my reckoning this company is trading on about 15 times earnings and yielding at least 4% in dividends. And growth is likely, albeit not certain.
Today I appeared on Ausbiz’s The Call to chat about 11 stocks in this order: Accent (AX1) Redbubble (RBL) The Reject Shop (TRS) Reece (REH) Easton Investments (EAS) Damstra (DTC) Class (CL1) Bill Identity (BID) Clinuvel Pharmaceuticals (CUV) IGO (IGO) Aurizon Holdings (AZJ) You can view the show below. The stocks I own were Easton, Damstra … Continued
A discussion of the yolo bull market and the struggling real economies; with a focus on whether it might end in tears…
Sustainable dividend stocks might not be flying on fed stimulus, but they could prove to be a decent inflation hedge in a recession…
Easton is illiquid but arguably undervalued…