For the month of July 2017 Cadence Capital Limited returned a positive gross performance of 0.7% compared to an increase in the All Ordinaries Accumulation Index of 0.2%. For the past 12 months, Cadence Capital Limited returned a positive gross performance of 13.1% outperforming the All Ordinaries Accumulation Index by 6.5%.
On the 10th August 2017 the Company announced a record full year profit after tax of $37.0 million for 2017 and a 4.0 cent fully-franked final dividend. This equates to a 6.3% annual fully franked yield, or a 9.0% gross yield (grossed up for franking credits), based on the CDM share price at the time of the announcement. The Ex-Date for the dividend is the 8th September 2017 and the payment date is the 18th September 2017. Shareholders can participate in the Dividend Re-Investment Plan (“DRP”) at a 3% discount. The closing date for the DRP election is the 13th September 2017. If you would like to participate in the DRP please complete the DRP Application Form and return it to our Share Registry, BoardRoom Pty Limited by this date. Directors Karl Siegling and Wayne Davies intend to fully participate in the DRP.
As at the 31st July 2017 the fund was holding 17% cash (83% invested).
* Before Management and Performance Fees
**These numbers include the franking value of the substantial dividend from its RHG holding received in May 2011.
CDM Share Price and Option Returns plus Dividends & Franking
* CDM 1 year figures reflect the share price move from a premium to a discount to NTA
Fully Franked Dividends Declared Since Listing
* Off market equal access buy back
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