Resimac’s Special Dividend Raises Questions on Future Capital Strategy

• Fully franked special dividend of 12 cents per share declared
• Dividend follows strategic review identifying surplus capital
• Sale of non-core ASX-listed financial assets under 5% of net assets
• Dividend payment not expected to materially impact FY26 earnings
• Board emphasizes disciplined capital management and shareholder returns

Strategic Capital Review Leads to Special Dividend

Resimac Group Limited (ASX – RMC), a prominent non-bank lender with a diversified portfolio across Australia, New Zealand, and the Philippines, has declared a fully franked special dividend of 12 cents per ordinary share. This announcement follows a comprehensive strategic review of the Group’s operating assets and capital requirements, which identified surplus capital that was not essential to the company’s ongoing strategic objectives.

Non-Core Asset Sales Unlock Shareholder Value

Integral to this capital review was the recent divestment of non-core ASX-listed financial assets, which represented less than 5% of the Group’s net assets as reported in the first half of 2025. These sales have freed up capital that the Board deemed appropriate to return to shareholders, an opportunity that may not present itself regularly in future periods.

Dividend Details and Financial Impact

The special dividend will be fully franked, reflecting accumulated prior period earnings and franking credits. Key dates include an ex-dividend date of 5 June 2025, a record date of 6 June 2025, and a payment date scheduled for 23 June 2025. Importantly, the Board has indicated that this capital return is not expected to have a material impact on the Group’s earnings for the fiscal year 2026, signalling confidence in the company’s ongoing financial health and strategic positioning.

Capital Management and Strategic Discipline

This move underscores Resimac’s disciplined approach to capital management, balancing the need to support growth and operational objectives with delivering sustainable value to shareholders. The Board’s decision reflects a proactive stance in optimising the capital structure and ensuring that excess funds are efficiently returned rather than held unnecessarily within the business.

Looking Ahead

With a robust funding platform and a portfolio exceeding $15 billion in assets under management, Resimac continues to position itself as a leading player in the non-bank lending sector. This special dividend announcement may also signal further strategic reviews or asset reallocations as the Group adapts to evolving market conditions and shareholder expectations.

Bottom Line?

Resimac’s special dividend highlights disciplined capital stewardship, setting the stage for measured growth and shareholder returns ahead.

Questions in the middle?

• What are the longer-term capital management plans beyond FY26?
• Could further divestments of non-core assets be on the horizon?
• How will this dividend impact investor sentiment and share price momentum?