Garda Property Group Declares AUD 0.018 Dividend Including Special Fully Franked Component
Garda Property Group has announced a quarterly distribution of AUD 0.018 per security, combining an ordinary and a special fully franked dividend, reflecting strong capital outcomes from FY24.
- Total dividend of AUD 0.018 per security for June quarter
- Ordinary dividend of AUD 0.01575 per security, unfranked
- Special fully franked dividend of AUD 0.00225 per security
- Dividend payment scheduled for 16 July 2025
- Special dividend linked to FY24 capital outcomes, paid in four installments
Garda Property Group's Latest Dividend Announcement
Garda Property Group (ASX, GDF) has declared a total distribution of AUD 0.018 per security for the quarter ending 30 June 2025. This payment combines an ordinary dividend and a special dividend component, reflecting the group's ongoing commitment to delivering shareholder value.
The ordinary dividend amounts to AUD 0.01575 per security and is entirely unfranked, meaning it carries no franking credits. In contrast, the special dividend of AUD 0.00225 per security is fully franked at the corporate tax rate of 25%, providing an additional tax benefit to eligible investors.
Context and Capital Outcomes
The special dividend is particularly noteworthy as it stems from capital outcomes achieved in the fiscal year 2024. Announced previously in Garda's FY24 Annual Results Presentation, this special dividend is being paid in four equal installments throughout FY25. This approach aligns with the group's guidance of a total 6.3 cents per security in distributions for the year, signaling a steady and predictable return for investors.
Importantly, no security holder or regulatory approvals are required for this dividend, streamlining the payment process. The ex-dividend date is set for 27 June 2025, with the record date on 30 June 2025, and payment scheduled for 16 July 2025.
Implications for Investors
Investors should note the mix of unfranked and fully franked components in this distribution. While the ordinary dividend does not carry franking credits, the special dividend's full franking may enhance after-tax returns for Australian resident shareholders. The phased payment of the special dividend also suggests Garda's confidence in its capital management strategy and ongoing operational performance.
Overall, this dividend announcement underscores Garda Property Group's stable income generation and its ability to return capital to shareholders in a structured manner. It also provides a useful benchmark for analysts updating dividend yield models and for investors assessing the group's income profile.
Bottom Line?
Garda’s dividend strategy blends steady income with capital returns, setting the stage for investor confidence through FY25.
Questions in the middle?
- How will the unfranked ordinary dividend impact different investor tax profiles?
- What are the prospects for maintaining or increasing dividend payouts beyond FY25?
- How does the special dividend installment plan affect Garda’s capital allocation flexibility?
