SOL Declares AUD 0.44 Fully Franked Dividend with DRP Price at AUD 37.02

• Ordinary dividend of AUD 0.44 per share fully franked at 100%
• Dividend record date set for 16 April 2025, payment on 14 May 2025
• Dividend Reinvestment Plan (DRP) price updated to AUD 37.02 with no discount
• DRP securities to be newly issued and rank pari passu from issue date
• No approvals required for dividend payment; default DRP option is cash

Dividend Confirmation and Details

Washington H Soul Pattinson & Company Limited (ASX: SOL) has provided an update to its previously announced dividend distribution for the six-month period ending 31 January 2025. The company confirmed an ordinary dividend of AUD 0.44 per share, fully franked at 100%, reflecting a stable income stream for shareholders. The record date for entitlement to this dividend is 16 April 2025, with payment scheduled for 14 May 2025.

Dividend Reinvestment Plan (DRP) Update

Alongside the dividend confirmation, the company updated the Dividend Reinvestment Plan (DRP) price to AUD 37.02 per share. Notably, there is no discount applied to the DRP price, which is calculated as the average volume weighted price over a 10 trading day period following the dividend record date. This update supersedes the previous announcement made in March 2025, providing clarity for shareholders considering reinvestment options.

Implications for Shareholders

The DRP remains an attractive option for investors seeking to compound their holdings without incurring brokerage fees, with the newly issued shares ranking pari passu from the issue date. The default option for shareholders who do not elect to participate in the DRP is to receive the dividend in cash. Importantly, no external approvals were required for the dividend payment, underscoring the company’s straightforward approach to shareholder returns.

Context and Market Considerations

This update comes amid a broader market environment where reliable dividend income remains a key consideration for investors. Washington H Soul Pattinson’s commitment to a fully franked dividend signals confidence in its underlying earnings and cash flow stability. The absence of a DRP discount may reflect management’s view of the current share price and capital management strategy, balancing shareholder value with capital retention.

Investors will be watching closely to see how the market responds to the dividend payment and the uptake of the DRP, which could influence the company’s share price dynamics in the near term.

Bottom Line?

Washington H Soul Pattinson’s dividend update reinforces steady shareholder returns while setting the stage for DRP participation dynamics.

Questions in the middle?

• What level of shareholder participation will the updated DRP price attract?
• How might the absence of a DRP discount affect reinvestment volumes and share price?
• Will future dividends maintain full franking amid evolving market conditions?