Reliance Worldwide Corporation Limited has announced an ordinary dividend of USD 0.025 per share for the six months ending December 31, 2024, payable in April 2025. The dividend is unfranked and will be paid in Australian dollars based on a recent exchange rate.
- USD 0.025 per share ordinary dividend declared
- Dividend relates to six months ending 31 December 2024
- Ex-dividend date set for 6 March 2025, payment on 4 April 2025
- Dividend unfranked and paid in AUD using recent FX rates
- No approvals required prior to dividend payment
Dividend Announcement Overview
Reliance Worldwide Corporation Limited (ASX: RWC), a key player in the plumbing products manufacturing sector, has declared an ordinary dividend of USD 0.025 per fully paid ordinary share. This dividend covers the six-month period ending 31 December 2024 and reflects the company’s ongoing commitment to returning value to shareholders.
The dividend will be paid on 4 April 2025, with the ex-dividend date scheduled for 6 March 2025 and the record date on 7 March 2025. Shareholders on record as of the latter date will be eligible to receive the distribution.
Currency and Payment Details
While the dividend is declared in US dollars, payments will be made in Australian dollars. The conversion is based on the average exchange rate over the five business days ending 14 February 2025, resulting in an AUD equivalent of approximately AUD 0.0397 per share. This approach reflects Reliance Worldwide’s international operational footprint and currency management strategy.
Importantly, the dividend is unfranked, meaning it carries no Australian franking credits. This may influence the tax treatment for Australian investors and could affect the dividend’s attractiveness depending on individual tax circumstances.
Regulatory and Approval Status
The company confirmed that no external approvals, such as security holder, court, ACCC, or FIRB approvals, are required before the dividend payment. This streamlines the process and signals confidence in the company’s compliance and governance frameworks.
Additionally, Reliance Worldwide does not operate a securities plan related to dividends, and there is no tax component information beyond the unfranked status disclosed.
Context and Market Implications
This dividend announcement aligns with Reliance Worldwide’s steady financial performance and shareholder return policy. The payment in USD with conversion to AUD also highlights the company’s exposure to currency fluctuations, which investors should monitor closely.
Given the unfranked nature of the dividend, investors may weigh the yield against other income opportunities, especially in a low-interest-rate environment. The upcoming ex-dividend date will be a key moment to observe market reaction and trading volumes.
Bottom Line?
Reliance Worldwide’s USD 0.025 dividend underscores steady shareholder returns amid currency considerations ahead.
Questions in the middle?
- How will currency fluctuations impact Reliance Worldwide’s dividend payments going forward?
- Will the unfranked status affect investor demand for RWC shares?
- What does this dividend signal about the company’s earnings outlook for 2025?