BKI is a Listed Investment Company on the Australian Securities Exchange. BKI is focused on investing in quality companies for the long-term that have a history of and are expected to continue to pay attractive and growing dividends.
Managed by Contact Asset Management at a competitively low cost, BKI aims to provide shareholders with a consistent income stream in the form of fully franked dividends. Since listing in 2003, BKI has paid out $1.09 per share, or over $700m in dividends and franking credits to shareholders. BKI’s assets have grown from circa $173 million to over $1 billion.
An investment of $10,000 to purchase BKI shares upon listing in December 2003 would now be receiving fully franked dividends of $1,662pa.
The franking credits enhance the income by a further $712pa, assuming a tax rate of 30% (total income of $2,374).
The same investment in a term deposit (based on the cash rate + 0.50%) would be earning $187pa, pre tax and with no franking credits attached.