Bailador Technology Investments Limited (ASX: $BTI) has declared a fully franked interim dividend of 3.5 cents per share, totaling $5.1m, on 7 February 2024. The interim dividend will be paid on 29 February 2024 to shareholders on record as at 13 February 2024. The interim dividend is in line with Bailador's dividend policy of a regular dividend of 4% pa of NTA pre-tax paid semi-annually. The company reported a profit of $21,992k in the half year to 31 December 2023, driven by strong performance in the SiteMinder share price, which increased by 76% since June 2023. Access Telehealth also contributed to the result with an increase in its carrying value of $4.4m (28%).
Bailador reported a profit of $21,992k in the half year to 31 December 2023, a significant improvement from the loss of $5,206k in the same period in 2022. The company's strong performance was primarily driven by the substantial increase in the SiteMinder share price and the positive contribution from Access Telehealth. Additionally, Bailador made follow-on investments in portfolio companies Access Telehealth and RC TopCo, further strengthening its investment portfolio.
Bailador Technology Investments (ASX: $BTI) has declared a fully franked interim dividend of 3.5 cents per share, amounting to $5.1m, in line with its dividend policy. The company reported a profit of $21,992k in the half year to 31 December 2023, driven by strong performance in the SiteMinder share price and an increase in the carrying value of Access Telehealth. Bailador's investment portfolio continues to be valued at either the latest third-party investment value or at a valuation consistent with generally accepted industry valuation techniques and benchmarks. The company's commitment to providing regular dividends and its strategic investments reflect its focus on delivering value to its shareholders and optimizing returns from its investment activities.