Australia's Washington H Soul jumps most in 6 months on higher FY dividend

Washington H. Soul Pattinson and

21/09/2022 03:48

** Shares of Australia's Washington H Soul Pattinson and
Company  SOL.AX  rise as much as 4.6% to A$27.00, their biggest
intraday pct gain since March 17     
    ** The diversified investment firm declares a fully franked
ordinary final dividend of 43 Australian cents per share,
compared with 36 cents per share in FY21   urn:newsml:reuters.com:*:nASX446WnD
 urn:newsml:reuters.com:*:nASX881QcR
    ** Co also declares a fully franked special dividend of 15
cents per share
    ** Says cashflow from investments was the main reason behind
a 16.1% jump in total dividends to 72 cents in FY22
    ** We believe the portfolio is well-positioned for rising
interest rates, inflation and any potential downturn in the
business cycle - co
    ** SOL posts a 142.5% jump in its FY revenue from continuing
operations to A$2.78 bln ($1.86 bln)
    ** However, co records FY loss after tax attributable of
A$12.9 mln, compared with profit after tax attributable of
A$273.2 mln a year ago
    ** SOL stock hits highest since May 12; among top gainers in
the benchmark index  .AXJO 
    ** Stock down 12.8% this year, as of last close

    ($1 = 1.4963 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))