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CHILDCARE centre operator G8 Education has boosted its annual dividend by 25 per cent with the company’s total payout for the year rising to 10c.
The Gold Coast-based company, Australia’s largest listed childcare centre group, had been paying a quarterly dividend of 2c-a-share previously and from April will start paying 2.5c a quarter.
The dividend announcement comes ahead of G8 Education announcing its full-year results for calendar 2013 and follows an announcement earlier this week of another round of acquisitions totalling $18.7 million.
G8 Education’s managing director Chris Scott says the company is “well placed” for the year ahead.
G8 has previously indicated it will beat the average $19 million net profit forecast by a group of analysts for the 2012 calendar year.
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