Amotiv Limited Declares Fully Franked Interim Dividend of AUD 0.185

Dividend Announcement Overview

Amotiv Limited (ASX: AOV) has declared an interim ordinary dividend of AUD 0.185 per fully paid ordinary share, payable on 7 March 2025. This dividend relates to the six-month financial period ending 31 December 2024 and is fully franked, reflecting the company’s ongoing profitability and commitment to returning value to shareholders.

The ex-dividend date is set for 21 February 2025, with the record date following shortly after on 24 February 2025. Shareholders on the register as of the record date will be eligible to receive the dividend payment.

Franking and Currency Details

The dividend is fully franked at the prevailing corporate tax rate of 30%, which means shareholders will benefit from franking credits that can offset their tax liabilities. This is a positive signal of Amotiv’s strong tax position and profitability during the period.

While the dividend is primarily paid in Australian dollars, New Zealand shareholders may receive their dividend in New Zealand dollars, converted at the current market exchange rate. This currency arrangement underscores Amotiv’s attention to shareholder convenience across jurisdictions.

Dividend Reinvestment Plan and Approvals

Amotiv maintains a Dividend Reinvestment Plan (DRP), although it is not applicable to this interim dividend. Notably, no external approvals such as security holder or regulatory consents were required for this dividend declaration, indicating a straightforward distribution process.

The interim dividend covers the first half of the financial year ending 30 June 2025, providing investors with an early indication of the company’s financial trajectory and confidence in its earnings stability.

Market Implications and Investor Considerations

This dividend announcement may reinforce investor confidence in Amotiv’s financial health and its ability to generate consistent cash flow. The fully franked nature of the dividend is particularly attractive to Australian investors seeking tax-efficient income streams.

As the ex-dividend date approaches, market participants will be watching for any share price adjustments and trading volumes that typically accompany dividend events. Analysts will also be keen to assess how this interim dividend fits within Amotiv’s broader capital management strategy for the full financial year.