Today, Duke have announced a positive trading update indicating record quarterly and annual revenues following a number of recent top-up investments in existing partners. As a result, we are upgrading FY22E and FY23E forecasts. The company is now expected to have a free cash flow per share of 3.3p in FY23E, which supports a dividend per share of 3p and a dividend yield of 7.5%. Furthermore, this income is naturally resilient to inflation given distribution resets are tied to top-line revenue gro ....
11 Apr 2022
Cenkos: Duke Royalty Ltd -- Effective Capital Deployment
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Cenkos: Duke Royalty Ltd -- Effective Capital Deployment
Duke Capital Limited (DUKE:LON) | 31.8 -0.2 (-1.6%) | Mkt Cap: 131.9m
- Published:
11 Apr 2022 -
Author:
Andrew Renton -
Pages:
21
Today, Duke have announced a positive trading update indicating record quarterly and annual revenues following a number of recent top-up investments in existing partners. As a result, we are upgrading FY22E and FY23E forecasts. The company is now expected to have a free cash flow per share of 3.3p in FY23E, which supports a dividend per share of 3p and a dividend yield of 7.5%. Furthermore, this income is naturally resilient to inflation given distribution resets are tied to top-line revenue gro ....