The Premier Investments (PMV) Share Price Is Crushing The ASX 200

The Premier Investments Limited (ASX: PMV) share price was trading ~14% higher today. Over the past month, shares of Premier Investments Limited have pushed 19% higher.

For comparison, the S&P/ASX 200 (INDEXASX: XJO) has risen 4% in the same time.

About Premier Investments (PMV)

Premier Investments (PMV) listed on the ASX in December 1987 as an investment vehicle to acquire controlling stakes of ‘premier’ Australian companies with a particular focus on retailing, importing and distributing.

As of 2019, PMV has leading retail brands like Smiggle, Peter Alexander, Just Jeans and Jay Jays. It also owns just over 28% of Breville Group Ltd (ASX: BRG)

What’s Happened?

Today, Premier investments released its 2019 financial report to investors showing:

  • Like-for-like sales growth of 4.2%
  • Profit after tax up 23% year over year
  • A final dividend of 37 cents, up 12%

PMV’s full-year dividends now stand at an impressive 70 cents per share, fully franked. That’s a dividend yield of around 4% at today’s share price.

“The Premier team continues to deliver outstanding returns for shareholders,” PMV’s Chairman and major shareholder, Solomon Lew, said.

“We have clear growth strategies in place for each brand – which the team executes on relentlessly, refines continuously and measures fastidiously. Capital continues to be invested in growth opportunities with great discipline.”

Buy, Hold or Sell?

After today’s share price rise, investors may be keen to take a closer look at shares of companies like Premier, JB Hi-Fi Ltd (ASX: JBH) or even Harvey Norman (ASX: HVN) to see if they can scratch a decent dividend yield over the next year.

My pick of the ASX retail shares is Premier. However, if my sole focus was a reliable dividend income I’d go with a low-cost, high-yielding ASX ETF like the one in the free report below.

Disclosure: At the time of publishing, Owen does not have a financial interest in any of the companies mentioned.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here or enter your email address below to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just enter your email address below and we'll send you the report right away.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

CLICK HERE TO GET THE REPORT

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

General Financial Advice warning
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

© Rask Australia 2020

Join 20,000+ smart investors

Join the Rask Australia mailing and we’ll send you free investment reports, podcasts, expert insights, investing courses, ASX news and lots, lots more. All free. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian-owned.

feedback-icon

What can we do better?

Howdy, ASX investor.

I really care about your experience today.

Please, let me know if you have any suggestions we can use to improve our site and help others invest in ETFs. 

Cheers! 

Owen Rask