Citigroup Declares AUD 0.204 Dividend for AMC CitiFirst Instalments

Dividend Announcement Details

Citigroup Global Markets Australia Pty Limited has declared a dividend of AUD 0.204 per instalment for the AMC CitiFirst Instalments, traded under ASX codes AMCIOB and AMCIOD. This announcement provides clarity for investors on the upcoming income distribution tied to these structured products.

The record date for entitlement to this dividend is set for 26 February 2025. Notably, this date coincides with the record date for the AMC CDI 1:1 Foreign Exempt NYSE Security, indicating a coordinated approach to dividend timing across related securities.

Ex-Dividend and Payment Timing

The instalments will commence trading ex-dividend on 25 February 2025, one day prior to the record date. This timing is critical for investors seeking to capture the dividend, as purchasing the instalments on or after this date would not entitle them to the upcoming payment.

Dividend payments are expected to be made on 18 March 2025. The trustee managing the instalments has committed to aligning the payment date as closely as possible with the receipt of dividends from the underlying company, ensuring a smooth flow of income to holders.

Implications for Investors

For investors in AMC CitiFirst Instalments, this dividend announcement reinforces the income-generating aspect of these structured products. The unfranked nature of the dividend may influence tax considerations depending on individual circumstances.

Given the alignment with the AMC CDI 1:1 Foreign Exempt NYSE Security, investors tracking cross-listed securities may find this synchronization beneficial for portfolio planning. Market participants should monitor trading activity around the ex-dividend date, as price adjustments typically reflect the dividend payout.

Looking Ahead

While the dividend amount and dates are now clear, the broader market response will depend on prevailing conditions and investor appetite for income-focused instruments. Citigroup’s ongoing management of these instalments will be closely watched for future dividend declarations and structural updates.