Latest news with #Iress
Yahoo
2 days ago
- Business
- Yahoo
Iress Limited (ASX:IRE) Looks Interesting, And It's About To Pay A Dividend
Explore Iress's Fair Values from the Community and select yours Readers hoping to buy Iress Limited (ASX:IRE) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. This means that investors who purchase Iress' shares on or after the 22nd of August will not receive the dividend, which will be paid on the 22nd of September. The company's upcoming dividend is AU$0.11 a share, following on from the last 12 months, when the company distributed a total of AU$0.22 per share to shareholders. Based on the last year's worth of payments, Iress has a trailing yield of 2.4% on the current stock price of AU$9.03. If you buy this business for its dividend, you should have an idea of whether Iress's dividend is reliable and sustainable. So we need to investigate whether Iress can afford its dividend, and if the dividend could grow. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. That's why it's good to see Iress paying out a modest 44% of its earnings. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Thankfully its dividend payments took up just 36% of the free cash flow it generated, which is a comfortable payout ratio. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. View our latest analysis for Iress Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Have Earnings And Dividends Been Growing? Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at Iress, with earnings per share up 4.8% on average over the last five years. Recent growth has not been impressive. However, companies that see their growth slow can often choose to pay out a greater percentage of earnings to shareholders, which could see the dividend continue to rise. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Iress's dividend payments per share have declined at 6.1% per year on average over the past 10 years, which is uninspiring. It's unusual to see earnings per share increasing at the same time as dividends per share have been in decline. We'd hope it's because the company is reinvesting heavily in its business, but it could also suggest business is lumpy. The Bottom Line Should investors buy Iress for the upcoming dividend? Earnings per share have been growing moderately, and Iress is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. It might be nice to see earnings growing faster, but Iress is being conservative with its dividend payouts and could still perform reasonably over the long run. Overall we think this is an attractive combination and worthy of further research. While it's tempting to invest in Iress for the dividends alone, you should always be mindful of the risks involved. Every company has risks, and we've spotted 1 warning sign for Iress you should know about. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
AU Financial Review
10-08-2025
- Business
- AU Financial Review
Iress spruiks ‘transformation' as it ponders interest from PE suitors
Iress, the developer of a popular stockbroking platform that has found itself the target of takeover interest from two American private equity giants, has reported falling revenues and earnings but says it has completed the transformation of its business that will lead to higher returns. The Australian Financial Review reported last week that Blackstone and Thoma Bravo, a specialist in enterprise software investing, were in discussions with Iress. The company later confirmed the interest, adding it had rebuffed a bid from Blackstone of $10.50 per share.
CNA
08-08-2025
- Business
- CNA
Shares of Australia's Iress rise on early buyout talks with Blackstone, Thoma Bravo
Shares of Australia's Iress surged on Friday after the company said it had earlier considered a takeover approach from Blackstone and is now in talks with both the U.S. investment giant and private equity firm Thoma Bravo over a new proposal. Shares of the Australian financial software firm jumped as much as 15.6 per cent to A$9.69, but remained below the A$10.50 apiece previously offered by Blackstone. The stock touched its highest level since late-January and marked its biggest intraday percentage gain since November 2023. The initial proposal from Blackstone valued Iress at A$1.94 billion ($1.27 billion) but was later withdrawn, the software company said, without providing further details in its statement. Blackstone declined to comment, while Thoma Bravo did not immediately respond. The takeover bid comes as global private firms show growing interest for Australia-listed software players. Earlier in the week, automotive software platform provider Infomedia agreed to a A$651 million takeover by TPG's Asia-focussed private equity fund. "Iress is currently in the early stages of engagement with Blackstone and Thoma Bravo in order to ascertain whether an offer can be made which can be recommended by the Iress Board," the company said on Friday. The company did not provide a per-share price in the latest offer. The announcement follows a report by the Australian Financial Review that Iress was in talks with Blackstone over a potential buyout, which could value the company at A$1.9 billion. Iress is not unfamiliar with takeover interest from private equity firms, having previously drawn a $3 billion deal from Swedish investment firm EQT in 2021. The deal ultimately fell through after EQT walked away despite making several improved offers. In February, Iress reported a net profit after tax attributable of A$30.1 million in fiscal 2024, along with A$604.6 million in revenue. The company will release its half-year earnings next week. ($1 = 1.5323 Australian dollars)
Wall Street Journal
08-08-2025
- Business
- Wall Street Journal
Australia's Iress in Takeover Talks With Private-Equity Firm Blackstone
SYDNEY—Australian financial-technology provider Iress said it is in talks with Blackstone, having already considered an earlier proposal by the U.S. private-equity giant. Iress on Friday said it was in discussions with both Blackstone and Thoma Bravo to ascertain whether either could make an offer that its board could recommend to shareholders.
The Star
08-08-2025
- Business
- The Star
Australia's Iress in buyout talks with Blackstone, Thoma Bravo
FILE PHOTO: Logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo (Reuters) -Australia's Iress said on Friday it had previously considered a takeover approach from Blackstone and is now in preliminary discussions with both the U.S. investment company and private equity firm Thoma Bravo over a fresh proposal. The initial proposal from Blackstone valued Iress at A$1.94 billion ($1.27 billion) but was later withdrawn, the Australian financial software firm said, without providing further details in its statement. The takeover bid comes at a time when global private firms are gathering more interest for Australia-listed software players. Earlier in the week, automotive software platform provider Infomedia agreed to a A$651 million takeover by TPG's Asia-focussed private equity fund. "Iress is currently in the early stages of engagement with Blackstone and Thoma Bravo in order to ascertain whether an offer can be made which can be recommended by the Iress Board," the company said on Friday. The announcement follows a report by the Australian Financial Review that Iress was in talks with Blackstone over a potential buyout, which could value the company at about A$1.9 billion. Blackstone declined to comment, while Thoma Bravo did not immediately respond. Iress is not unfamiliar with takeover interest from private equity firms, having previously drawn a $3 billion deal from Swedish investment firm EQT in 2021. The deal ultimately fell through after EQT walked away despite making several improved offers. The company's stock closed at A$8.38 per share on Thursday, having lost more than 44% in market value since touching its record high in August 2021. In February, Iress reported a net profit after tax attributable of A$30.1 million in fiscal 2024, along with A$604.6 million in revenue. The company will release its half-year earnings next week. ($1 = 1.5323 Australian dollars) (Reporting by Rishav Chatterjee and Sneha Kumar in Bengaluru; Editing by Leroy Leo and Sherry Jacob-Phillips)
