bullish
Stella International: A Beneficiary of Reshoring
David has highlighted this Insight as a Top Pick
969 Views29 Feb 2024 10:56
Reshoring and a changing product mix has boosted the profitability of Stella International, a major international shoe manufacturer.
Boomeranged on Fri, 23 Aug 2024 09:25
Stella's 1H 2024 profit surged by 54% as its cash balance doubles. Margins expanded as revenue increased by 7.5%. The Board approved an increase in interim dividend to US $0.65/share representing a payout ratio of 71% and giving a LTM dividend yield of over 9%. The Board also approved a plan to return US$180mm to shareholders over 3 years through a combination of buybacks and special dividends.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
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