Metrics Master Income Trust Declares AUD 0.0137 Dividend with Full DRP Option
Metrics Master Income Trust has announced an estimated unfranked dividend of AUD 0.0137 per unit, payable in February 2025, alongside a full Dividend Reinvestment Plan option.
- Estimated ordinary dividend of AUD 0.0137 per unit
- Dividend ex-date set for January 31, 2025
- Payment date scheduled for February 10, 2025
- Dividend is fully unfranked
- Full Dividend Reinvestment Plan (DRP) available with no discount
Dividend Announcement Overview
Metrics Master Income Trust (ASX: MXT) has released its latest distribution notice, declaring an estimated ordinary dividend of AUD 0.0137 per fully paid ordinary unit. The announcement, made on January 24, 2025, sets the ex-dividend date for January 31, 2025, with the record date following on February 3, 2025. Payment to security holders is scheduled for February 10, 2025.
Dividend Characteristics and Tax Treatment
The dividend is unfranked, meaning it carries no franking credits. This is consistent with the trust’s previous distributions and reflects its income composition. Investors should note that the dividend is currently estimated, with the actual amount to be confirmed on February 6, 2025. The unfranked nature may influence the after-tax return for Australian investors, particularly those who benefit from franking credits.
Dividend Reinvestment Plan Details
Importantly, Metrics Master Income Trust continues to offer a full Dividend Reinvestment Plan (DRP) for this distribution. Security holders who elect to participate can reinvest their dividends into new units without any discount applied to the reinvestment price. The deadline for DRP election is 5:00 pm on February 4, 2025. For those who do not make an election, the default option is to receive the dividend in cash.
Market and Investor Implications
This steady distribution aligns with Metrics Master Income Trust’s strategy of providing consistent income to investors, a key attraction for income-focused portfolios. The availability of a DRP without discount may appeal to long-term investors seeking to compound their holdings. However, the unfranked status and the estimated nature of the dividend warrant close attention as the actual payment date approaches.
Looking Ahead
Investors and analysts will be watching for the confirmation of the final dividend amount on February 6, 2025, which could influence market sentiment and unit price movements. The trust’s ability to maintain or grow distributions in the current economic environment will be a key factor in its ongoing appeal.
Bottom Line?
Metrics Master Income Trust’s upcoming dividend confirmation will be a pivotal moment for income investors weighing the trust’s yield and tax profile.
Questions in the middle?
- Will the actual dividend amount match the current estimate of AUD 0.0137 per unit?
- How might the unfranked status affect investor demand, especially among tax-sensitive holders?
- Will the trust maintain its DRP terms or consider introducing a discount to incentivize reinvestment?
