Healius shares rise on special dividend
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The news: Healius shares have risen after the pathology services provider announced it will pay a fully franked special dividend of about $300 million, or 41.3 cents per share.
The numbers: Healius shares were up 2.99% to $1.55 at 3:13pm AEDT. Over the past 12 months, they've risen 26.02%.
The special dividend will be fully franked and equivalent to 17.7 cents per share, or $128 million, and will be paid on 23 May.
The company also announced it has agreed to a three-year, $300 million syndicated bank facility which replaces the current $680 million facility.
The context: Healius said it has scaled back demand and the size of the syndicate to four banks. It said the gearing covenant for the facility is 3.5x and the interest cover is 3x.
Last week, Healius announced it had completed the sale of its Lumus Imaging subsidiary for an enterprise value of $965 million.
The source: ASX
