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Home›Funding Freedom›Do Endeavor (ASX:EDV) stocks pay dividends?

Do Endeavor (ASX:EDV) stocks pay dividends?

By Kathy S. Mercado
March 29, 2022
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Image source: Getty Images

Endeavor Group Ltd (ASX:EDV) is one of the most recent additions to the S&P/ASX 200 Index (ASX:XJO), and arguably a top notch share at that. Endeavor was born from Woolworths Group Ltd. (ASX: WOW) last year. The new company houses the former liquor businesses of Woolworths. The most important of these are the bottle store chains Dan Murphy’s and BWS. At the time of the split, Woolworths shareholders all received one new Endeavor share for each Woolworths share held.

Since Endeavor shares first hit the ASX on their own in June last year, investors have seen healthy share price gains. Since its first day of trading, Endeavor’s stock price is now up more than 20%. This includes the good 1.25% the company has bid today at the time of writing, putting Endeavor shares at $7.28.

But since this company is in the consumer staples sector and is a Woolworths graduate, investors might expect dividend income from a company of this ilk. So let’s see how Endeavor stacks up in the dividend income department.

A deep dive into the dividends of Endeavor

Endeavor is indeed an ASX dividend stock. It was quick to fund its first dividend. It was a final payment worth 7 cents per share, fully stamped. This was distributed on September 22 of last year.

But Endeavor has actually just paid its second dividend. It was an interim dividend of 12.5 cents per share, also fully franked. It was only received by investors yesterday.

Endeavor therefore paid two dividends. And this despite the fact that it has only been listed for less than a year. These two payments, totaling 19.5 cents fully franked per share, give Endeavor a dividend yield of 3.45% on the current price. This earns up to 4.93% with full postage credits.

At the current Endeavor stock price, this ASX 200 stock has a market capitalization of $12.86 billion.

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