Second Chance Properties plans to reward shareholders with a record dividend of 5.5 cents, as it reports better earnings for the year ended Aug 31 2021. At today’s (Oct 28) closing price of 35 cents, that’s a yield of 15.7%.
Last year, the company’s payout was 0.45 cents.
For FY2021, the company reported earnings of $9.8 million, up 121% over the preceding year. Revenue in the same period was $36.6 million, up 52.7%.