Soul Patts Announces Dividend Hike, But Shares Slip in Early Trade

Thu 20 Mar 25, 02:14 AM | Team Kalkine

Washington H Soul Pattinson & Company Ltd (ASX:SOL), commonly known as Soul Patts, has announced another increase in its dividend payout. However, the news has not provided an immediate boost to its share price.

The diversified investment house closed Wednesday's session at AU$33.52 per share. As of Thursday morning trade, Soul Patts shares were exchanging hands at AU$33.09, marking a 1.3% drop. Despite the decline, the company continues to maintain a market capitalisation slightly above AU$12 billion.

The dip in share price follows the release of the company’s half-year results for the period ending 31 January 2025 (H1FY25).

Soul Patts reported strong financial figures, underscoring its solid investment portfolio. Net cash flow from investments rose by 9.9% year-over-year to AU$289.5 million. The company’s net asset value (NAV) reached AU$12.1 billion, reflecting a 2.6% increase compared to H1 FY 2024.

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