GWA International (GWT) will go ex dividend on 9/9/2010. The current dividend payment is 8.5 cents and it is 100% franked. The record date is 15/9/2010 and the dividend will be paid on 6/10/2010. Based on the full year payment the dividend yield is 6.1%.
*Current Yield: 2.9% Franking: 100% DRP Discount: 5%
*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.
GWA International Limited (GWT), Australia’s leading supplier of building fixtures and fittings to households and commercial premises today announced that it has enetered into an agreement with Carrier Air Conditioning Limited (a unit of Carrier Corporation) to acquire the business and assets of Brivis Limited. The acquisition cost of $50 million will be funded from existing bank facilities. The purchase price represents approximately 6 times sustainable EBITDA.
GWA Managing Director Peter Crowley said, “The Brivis business is a logical extension to our Dux water heating business and we plan to integrate the businesses to form GWA Heating and Cooling. This new Division will leverage off builder relationships amd technology development common to both Dux and Brivis businesses to improve our overall offer to the heating and cooling market. “
Brivis, based in Braeside Victoria, is a leader in ducted climate systems for the residential market having a strong position in its core market in Victoria and is active in all stages.
GWA International (GWT) will go ex dividend on 15/3/2010. The current dividend payment is 9.5 cents and it is 100% franked. The record date is 19/3/2010 and the dividend will be paid on 7/4/2010. Based on the full year payment the dividend yield is 5.9%.
*Current Yield: 3.1% Franking: 100% DRP Discount: 5%
*Yield has been calculated on the closing price on the 18/2/2010. Current yield is based on the current dividend payment only.
GWA International Limited (GWT), Australia’s leading supplier of building fixtures and fittings to households and commercial premises, announced today that it has entered into a binding agreement to sell the business and assets of Rover Mowers to MTD Products Australia Pty Ltd. The agreement will be completed on 1 April 2010, subject to finalising the necessary steps to allow MTD Australia to carry on the business as a going concern. MTD Australia is part of the US based MTD Products Inc. MTD is an international leading supplier of lawn and garden outdoor power equipment. Final proceeds to GWA from the sale are dependent on Rover’s working capital levels at completion, but are expected to be in the range of $10 million to $12 million.
GWA Managing Director Peter Crowley said, “The lawn mower industry has changed substantially in recent years and Rover does not have the scale to be competitive in its own right. MTD is a major global business, and being a specialist in this sector, will provide a strong base for Rover to trade successfully in the future. Overall this is a good result for Rover, which now has a new owner focussed on the lawn care market. GWA shareholders will also benefit with the additional funds being available to focus on our core building fixtures and fittings businesses”, concluded Mr Crowley.
GWA International (GWT) will go ex dividend on 14/9/2009. The current dividend payment is 8.5 cents and it is 100% franked. The record date is 18/9/2009 and the dividend will be paid on 7/10/2009. Based on the full year payment the dividend yield is 6.7%.
Current Yield 3.2% Franking: 100% DRP Discount: 5%
*Yield has been calculated on the closing price on the 26/8/2009. Current yield is based on the current dividend payment only.
