Dividend Stocks

• The board can pay from a large profits reserve.

• The company is a listedInvestmentcompany in a small-cap portfolio.

• The portfolio beat the market in FY26.

Key Highlights• NCC raised itsDividendfor the first time since FY21.• The increase follows a strong FY26 portfolio return.• The latest quarter was softer.• Income and risk both feature in the outlook.NAOS Emerging Opportunities (ASX:NCC) Company raised its dividend for the first time since FY21 …

• Dividends are paid from accumulated profits.

• The company owns a portfolio of global shares.

• ECP invests in small and mid-cap companies quoted on the ASX.