Pengana Declares AUD 0.0135 Fully Franked Dividend for Q2 2025
Pengana International Equities Limited has announced a fully franked ordinary dividend of AUD 0.0135 per share for the quarter ending June 2025, with a Dividend Reinvestment Plan available to shareholders.
- Quarterly ordinary dividend of AUD 0.0135 per share
- Dividend fully franked at 25% corporate tax rate
- Ex-date set for 29 August 2025, payment on 15 September 2025
- Dividend Reinvestment Plan (DRP) offered with no discount
- DRP shares to be newly issued and rank equally from issue date
Dividend Announcement Overview
Pengana International Equities Limited (ASX – PIA) has declared an ordinary dividend of AUD 0.0135 per fully paid ordinary share for the quarter ending 30 June 2025. This dividend is fully franked, reflecting the company’s ability to distribute profits with attached Australian tax credits, which can be valuable for shareholders seeking tax-efficient income.
The dividend will trade ex-dividend on 29 August 2025, with a record date of 1 September 2025. Payment to shareholders is scheduled for 15 September 2025, maintaining Pengana’s consistent quarterly distribution rhythm that investors have come to expect.
Dividend Reinvestment Plan Details
Shareholders will have the option to participate in Pengana’s Dividend Reinvestment Plan (DRP), which allows them to reinvest their dividend payments into additional shares rather than receiving cash. Notably, the DRP will not offer a discount on the share price, which is calculated as the weighted average sale price over five trading days starting from the record date.
The DRP shares will be newly issued and will rank pari passu with existing shares from the issue date, ensuring equal rights and entitlements. The deadline for shareholders to elect participation in the DRP is 2 September 2025, providing a clear window for decision-making.
Implications for Investors
This dividend announcement signals Pengana’s ongoing commitment to returning value to shareholders while maintaining a stable capital structure. The fully franked nature of the dividend enhances its attractiveness, especially for Australian investors who can benefit from franking credits.
However, the absence of a DRP discount means that reinvestment will occur at market prices, which could influence shareholder uptake depending on market conditions at the time. Investors will be watching closely to see how many elect to reinvest versus take the cash dividend, as this can impact Pengana’s capital base and share dilution.
Bottom Line?
Pengana’s fully franked dividend and DRP offer steady income and reinvestment options, but shareholder uptake will be key to watch.
Questions in the middle?
- What proportion of shareholders will opt into the DRP given the zero discount?
- How does this dividend yield compare with Pengana’s peers in the investment management sector?
- Will Pengana maintain this dividend level amid evolving market conditions?
