GUD Holdings shares trade ex-dividend, down 30% YTD

GUD shareholders can look forward to receiving their 36 cent fully franked dividend

Bruce Jackson

Bruce co-founded The Motley Fool UK in 1997. Now back in his native Australia, Bruce is the General Manager of the Motley Fool's Australian operations. Bruce holds a Bachelor of Business (Accounting) and a Diploma of Financial Services. He writes The Motley Fool's popular and widely read Take Stock free email newsletter. He is a keen investor himself, and particularly enjoys picking up stocks during the market's periodic but regular periods of panic.

Published August 14, 2013 10:37 am AEST

GUD Holdings (ASX: GUD), best known for its Sunbeam brand, trades ex-dividend today.

Last month GUD reported sales fell 2% to $596 million, which wasn't 't too bad considering the tough economic environment, but underlying profit after tax fell a more worrying 15% to $37 million.

Shareholders have benefited over the past two years from special dividends thanks to the sale of shares in Breville Group (ASX: BRG).

The 26 cents fully franked final dividend will be paid on 3 September 2013 to GUD shareholders on the register at the close of business on 20 August 2013. On top of that, GUD shareholders will receive a special 10 cents special dividend.

Year to date, GUD Holdings has fallen over 30%.

Trading around $6.00, GUD Holdings trades on a forecast dividend yield of 8.7%, putting it up there with Myer (ASX: MYR) and OrotonGroup (ASX: ORL) as one of the higher yielding ASX stocks.

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