ASX Announces AUD 1.112 Dividend Per Share, Fully Franked at 30%
ASX Limited has announced a fully franked dividend of AUD 1.112 per share for the six months ending December 2024, payable in March 2025 with flexible currency options for shareholders.
- Dividend of AUD 1.112 per ordinary share declared
- Dividend fully franked at 30% corporate tax rate
- Ex-date set for 21 February 2025, payment on 21 March 2025
- Dividend Reinvestment Plan (DRP) available with no discount
- Shareholders can elect to receive dividends in AUD or NZD
ASX Limited Announces Dividend for H2 2024
ASX Limited has declared an ordinary dividend of AUD 1.112 per fully paid ordinary share, reflecting the company's financial performance for the six months ending 31 December 2024. The dividend is fully franked, indicating that it carries a 30% corporate tax credit, a positive signal for investors seeking tax-efficient income streams.
The ex-dividend date is set for 21 February 2025, with the record date following on 24 February 2025. Shareholders on the register as of the record date will be eligible to receive the dividend payment scheduled for 21 March 2025. This timeline aligns with ASX’s consistent dividend policy and provides clarity for investors planning their portfolios.
Dividend Reinvestment Plan and Currency Options
ASX Limited continues to offer its Dividend Reinvestment Plan (DRP), allowing shareholders to reinvest their dividends into new shares without any discount on the reinvestment price. The DRP election deadline is 25 February 2025, with the reinvestment price calculated as the average volume-weighted price over five trading days following the election cut-off.
Notably, ASX provides flexibility in dividend currency payments. Australian-resident shareholders can elect to receive dividends in New Zealand dollars (NZD) if they hold a New Zealand bank account, while New Zealand-resident shareholders may opt for Australian dollars (AUD). This arrangement caters to the cross-border shareholder base and reflects ASX’s attention to investor convenience.
Implications and Market Context
The fully franked dividend underscores ASX Limited’s robust earnings and cash flow generation, reinforcing confidence in its financial stability amid evolving market conditions. The absence of any required approvals or conditions for the dividend payment further signals a smooth execution of shareholder returns.
Investors will be watching how this dividend announcement influences ASX’s share price in the lead-up to the ex-date, particularly given the steady income it offers. The DRP’s no-discount feature may also attract shareholders looking to compound their holdings without dilution.
Bottom Line?
ASX’s fully franked dividend and flexible payment options set a steady tone for shareholder returns in 2025.
Questions in the middle?
- Will ASX maintain or increase dividend payouts in the next financial year?
- How will currency election preferences impact dividend flows between AUD and NZD?
- What is the market’s reaction to the DRP’s no-discount policy this cycle?
