Breville Declares Fully Franked AUD 0.18 Dividend for FY24
Breville Group Limited has announced a fully franked ordinary dividend of AUD 0.18 per share for the six months ending December 31, 2024, signaling steady shareholder returns.
- Ordinary dividend of AUD 0.18 per share
- Dividend fully franked at 30% corporate tax rate
- Ex-dividend date set for March 12, 2025
- Payment scheduled for March 28, 2025
- Dividend relates to financial period ending December 31, 2024
Dividend Announcement Details
Breville Group Limited (ASX: BRG), a leading player in the kitchen appliances sector, has declared an ordinary dividend of AUD 0.18 per fully paid ordinary share. This dividend is fully franked, reflecting the company’s confidence in its tax position and ongoing profitability. The dividend relates to the six-month financial period ending December 31, 2024.
The ex-dividend date is set for March 12, 2025, with the record date following on March 13, 2025. Shareholders on the register by this date will be entitled to receive the dividend payment, which is scheduled for March 28, 2025.
Implications for Investors
The fully franked nature of the dividend means shareholders will benefit from a tax credit equivalent to the 30% corporate tax paid by Breville, enhancing the after-tax return on their investment. This dividend payment underscores Breville’s solid cash flow generation and its commitment to returning value to shareholders amid a competitive consumer goods market.
Notably, Breville has confirmed that no external approvals or conditions are required for this dividend distribution, streamlining the process and reducing uncertainty for investors. While the company maintains a Dividend Reinvestment Plan (DRP), it has specified that the DRP will not apply to this particular dividend.
Context and Forward Outlook
This dividend announcement comes ahead of Breville’s full financial results for FY24, which will provide further clarity on the company’s performance and strategic direction. The steady dividend payout may suggest management’s confidence in sustaining earnings and cash flow, but investors will be keen to see how broader market conditions and supply chain dynamics impact future profitability.
As a key player in kitchen appliances, Breville’s ability to maintain dividends while navigating consumer demand fluctuations will be closely watched. The upcoming earnings release will be pivotal in assessing whether this dividend level is sustainable or if adjustments may be necessary in response to economic pressures.
Bottom Line?
Breville’s fully franked dividend signals financial stability, but upcoming earnings will reveal if this momentum can be maintained.
Questions in the middle?
- Will Breville maintain or increase dividends in the next financial year?
- How will global supply chain challenges affect Breville’s profitability?
- What is the outlook for consumer demand in the kitchen appliances sector?
