Top ASX 100 Share Jumping to a Record High
Investors rarely come across a blue chip stock from ASX listed companies, which is not only making a 52 week high but also recording a best ever price. One such among high quality dividend paying stocks is
Computershare Limited (ASX: CPU)
Computershare Limited (ASX: CPU) reported solid performance in its full-year results for the period that ended on 30 June 2024, highlighting several key growth indicators and positive catalysts for future performance. The company achieved a 2.1% growth in management revenue, reaching $3.3 billion, with management EBIT excluding margin income (MI) up by 20.9% to $310.9 million. Margin income increased by 7.3% to $832.1 million, reflecting strong growth across its operations. Additionally, management EPS grew by 8.9% to 117.6cps, while group return on invested capital (ROIC) reached an impressive 30.2%, up by 753 basis points, underlining the company's efficiency in generating returns. The company also posted a final dividend of 42cps, which is a 5% increase compared to the previous corresponding period, demonstrating its commitment to returning value to shareholders.
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