At a glance

  • Amotiv paid 43c per share in fully franked dividends over the last 12 months, a trailing Yield of 7.61% at $5.65.
  • The shares fell 14.3% on results day, 10 August 2026, from $7.41 to $6.35, on soft FY27 guidance for Australian and New Zealand car sales.
  • After going ex-dividend, the stock drifted to $5.65, about 24% below the pre-results price.
  • There were no special dividends in the window: the yield comes entirely from ordinary FY26 payments.

Amotiv (ASX:AOV) is an automotive aftermarket business. It sells parts and accessories that drivers and workshops use to maintain, repair and upgrade vehicles, through brands including Ryco filters, Projecta and Narva. Investors with long memories may know it by its former name, GUD Holdings.

The aftermarket is usually thought of as a steady corner of the car industry. Cars on the road still need filters, lights and electrical gear whether or not new-car sales are booming. That is part of what makes Amotiv's share price performance so striking. Over the past year the stock has fallen 34.45%, and it now sits in the S&P/ASX 300 after being removed from the S&P/ASX 200 in September 2025.

So the headline yield is real. The question is what drove the price down, and what that might mean for the dividend from here.

What dividends has Amotiv paid in the last 12 months?

Amotiv's trailing yield rests on its FY26 interim and final dividends:

FY26 interim: 20c per share, fully franked, ex-dividend 2 March 2026.

FY26 final: 23c per share, fully franked, ex-dividend 25 August 2026, paid 15 September 2026.

Together they total 43c, all fully franked. There were no special dividends, which makes Amotiv's yield cleaner than those of companies whose headline numbers are inflated by surplus Capital returns. The final of 23c was also higher than the interim of 20c, so the most recent payment was the larger of the year. That rising pattern is encouraging, but it reflects FY26 trading; the guidance that spooked the market relates to FY27, and future dividends will be set against that tougher backdrop.

Timing still matters. The final went ex on 25 August 2026 and was paid on 15 September 2026, so an investor buying at $5.65 on 24 September 2026 missed it. A trailing yield describes what was paid, not what a new buyer will receive.

What could change --- and what are the risks?

The main risk is that the soft outlook flows through to earnings, and then to dividends. Companies set dividends based on profits and cash flow, and if FY27 turns out as as the guidance suggests, the board may decide to pay less. A trailing yield based on 43c would then overstate what investors actually receive.

Other risks to consider:

Car market cycle: weaker Australian and New Zealand car sales could weigh on Demand across parts of the business.

Consumer spending: if households tighten their belts, discretionary accessories and upgrades are easy to postpone.

Franking value: the 10.87% grossed-up yield only applies in full to investors who can use franking credits; for others, the 7.61% cash yield is the relevant figure.

On the positive side, the aftermarket is often seen as less sensitive to the cycle than new-car sales, and a stabilising outlook could help restore confidence. But investors should weigh the yield against the possibility of a lower dividend ahead.