VGI Partners Announces AUD 0.06 Dividend for H1 2024, Payment on March 24

Dividend Announcement Details

VGI Partners Global Investments Limited (ASX: VG1) has declared an ordinary dividend of AUD 0.06 per share, fully franked at the 30% corporate tax rate. This dividend covers the six-month period ending 31 December 2024, reflecting the company’s ongoing profitability and commitment to shareholder returns.

The dividend will be paid on 24 March 2025, with an ex-dividend date of 19 February 2025 and a record date of 20 February 2025. These dates are critical for investors to note, as eligibility for the dividend depends on holding shares before the ex-date.

Franking and Tax Implications

The dividend is fully franked, meaning shareholders will receive a credit for the tax already paid by the company, enhancing the after-tax return on their investment. This is particularly attractive for Australian investors seeking tax-efficient income streams.

Dividend Reinvestment Plan (DRP) Details

VGI Partners also offers a Dividend Reinvestment Plan, allowing shareholders to reinvest their dividends into additional shares rather than receiving cash. The DRP price will be the lesser of the most recent weekly net tangible asset (NTA) price prior to the record date or the average price of shares acquired under the DRP during the reinvestment period from 21 February to 20 March 2025.

Notably, there is no discount applied to the DRP price, which may influence shareholder participation. The minimum participation threshold is 2,000 shares, and the plan is open to shareholders with Australian or New Zealand addresses.

Market and Investor Implications

This dividend announcement signals VGI Partners’ stable earnings and confidence in its financial position. The fully franked nature of the dividend and the availability of the DRP provide investors with both income and growth options. Market participants will be watching how shareholders respond to the DRP offering and whether the dividend sustains or grows in future periods.