Ryder Capital Declares Fully Franked AUD 0.045 Dividend for H2 2024

Dividend Announcement Overview

Ryder Capital Limited (ASX: RYD) has declared an ordinary dividend of AUD 0.045 per share, fully franked at the corporate tax rate of 25%. This dividend pertains to the six-month financial period ending 31 December 2024. The announcement, made on 11 February 2025, signals the company’s ongoing commitment to delivering shareholder value through consistent income distributions.

The ex-dividend date is set for 24 February 2025, with the record date following on 25 February 2025. Shareholders on the register as of the record date will be eligible to receive the dividend payment scheduled for 19 March 2025.

Dividend Reinvestment Plan Details

Ryder Capital continues to offer a Dividend Reinvestment Plan (DRP), allowing shareholders to reinvest their dividends into additional shares rather than receiving cash. Notably, the DRP will be executed without any discount on the share price, which will be calculated as the volume weighted average price over the four trading days commencing on the ex-dividend date.

The deadline for shareholders to elect participation in the DRP is 26 February 2025 at 5:00 pm. If no election is made, the default option is a cash payment. The new shares issued under the DRP will rank pari passu with existing shares, ensuring equal rights and entitlements.

Implications for Investors

This fully franked dividend reflects Ryder Capital’s stable earnings and effective tax management, providing an attractive income stream for investors, particularly those seeking tax-efficient returns. The absence of any required approvals or conditions for the dividend payment underscores the company’s confidence in its financial position.

Investors should note the timing of the dividend and DRP election dates to optimise their participation. The DRP’s zero discount policy may appeal to shareholders looking to compound their investment without dilution of value.

Looking Ahead

While this dividend announcement confirms Ryder Capital’s steady performance, market participants will be watching closely for the company’s full-year results and any strategic updates that could influence future dividend policies. The company’s ability to maintain or grow distributions will be a key indicator of its financial health and growth prospects.