KME
Kip McGrath Education Centres (KME) sell franchises that provide education to school students in over 10 countries around the world. KME assigns franchise territory and provide ongoing support in the form of training and education materials to the franchises.
The company was formed in 1974 by Kip and Dugnija McGrath, with the Franchise business beginning in 1987. It listed on the Australian stockmarket (ASX) on 15 August, 2003.
At the start of this week, there's only one company that will have their annual general meeting, but five stocks will do on ex-dividend on October 11, 2011.
Dividends
Aberdeen Leaders (ALR) invests in Australian companies listed in the S&P/ASX200 Index. ALR is distributing 2 cents of fully franked dividends.
Study the list of past dividends for Kip McGrath Education Centres. Dividends are a portion of company profits paid out to shareholders. If Kip Mcgrath Education Centres Limited has announced a dividend, you may be eligible to receive KME dividends if the stock trader the company's stock on the ex-dividend date. Investors must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the dividend if you buy the stocks on or after the ex dividend date.
ABN Amro has upgraded their share recommendation on the Kip McGrath Education Centres (KME) to Buy from Hold with a share price target of $1.02 (was $1.09). ABN Amro have upgraded their rating as it suggests following recent share price weakness the stock is oversold at current levels. Based on their forecasts the stock is trading on a FY08 P/E of 6x and a yield of 9%, while recent share purchases by management are also a positive.
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