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Dividend Portfolio: Village Roadshow (ASX: VRL)

Published 17-JUN-2014 00:00 A.M.


1 minute read

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Overview: Village Roadshow Limited is an international entertainment and media company with core businesses in theme parks, cinema exhibitions, film distribution, and film production and music. The Company’s theme parks business includes theme park and water park operations. The Cinema exhibition business includes cinema exhibition operations. The film distribution business includes film, digital versatile disc (DVD), and video distribution operations.


Dividend: VRL is releasing a fully franked interim dividend of $0.15, taking effect on the 26th of June. The dividend paid is above that of previous distributions and is consistent with the growth of VRL as well as outperformance in the share price. Based on the current price, this represents a yield of approximately 2.04%. The dividend is payable after 30 days following the ex-dividend date.

A monthly peer comparison indicates an above-average yield for a stock with such liquidity.

Investment View: Village Roadshow has shown considerable strength in the past 12 months of trade. Given recent consolidation at the bottom of a long-term range ($7 - $7.45), VRL offers an opportunity to participate in a fully franked interim dividend whilst gaining directional exposure at a moderate technical level for the stock.


General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

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The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

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