TEAMINVEST PRIVATE GROUP LIMITED has announced a fully franked ordinary dividend of AUD 0.015 per share for the six months ending December 31, 2024, payable in March 2025.
- Ordinary fully franked dividend of AUD 0.015 per share
- Dividend relates to financial period ending 31 December 2024
- Ex-dividend date set for 20 February 2025
- Payment date scheduled for 28 March 2025
- Dividend Reinvestment Plan (DRP) available with no discount
Dividend Announcement Overview
TEAMINVEST PRIVATE GROUP LIMITED (ASX: TIP) has declared an ordinary dividend of AUD 0.015 per share, fully franked at the 30% corporate tax rate, reflecting the company’s ongoing profitability and commitment to shareholder returns. This dividend covers the six-month period ending 31 December 2024.
The ex-dividend date is set for 20 February 2025, with the record date following on 21 February 2025. Shareholders on the register as of the record date will be eligible to receive the dividend payment on 28 March 2025.
Franking and Tax Implications
The dividend is fully franked, meaning shareholders will benefit from franking credits equivalent to the 30% corporate tax paid by TEAMINVEST. This is a positive signal for investors seeking tax-effective income streams, especially in a market where fully franked dividends are highly valued.
Dividend Reinvestment Plan Details
TEAMINVEST continues to offer a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into new shares rather than receiving cash. The DRP price will be calculated based on the 30-day volume weighted average price (VWAP) from 1 December to 31 December 2024, set at AUD 2.0124 per share. Notably, there is no discount applied to the DRP price, and participation is optional with a deadline for election by 24 February 2025.
New shares issued under the DRP will rank equally with existing shares from the date of issue, scheduled for 28 March 2025. There are no minimum or maximum participation limits, making the plan accessible to all shareholders.
Market Context and Investor Implications
This dividend announcement underscores TEAMINVEST’s stable earnings and cash flow generation amid a competitive investment management landscape. The fully franked nature of the dividend may attract income-focused investors, while the DRP provides flexibility for those seeking to compound their investment.
Investors will be watching closely for any changes in dividend policy or payout ratios in future periods, especially as market conditions evolve. The absence of any required regulatory approvals for this dividend also suggests a smooth distribution process.
Bottom Line?
TEAMINVEST’s fully franked dividend and accessible DRP reinforce its shareholder value proposition heading into 2025.
Questions in the middle?
- Will TEAMINVEST maintain or increase dividend payouts in subsequent periods?
- How will market conditions impact TEAMINVEST’s earnings and dividend sustainability?
- What is the expected shareholder uptake of the DRP given the zero discount?