Pinnacle Investment Declares Fully Franked AUD 0.27 Dividend with Flexible DRP
Pinnacle Investment Management announces a fully franked dividend of AUD 0.27 per share for the half-year ending June 2025, offering shareholders a Dividend Reinvestment Plan with currency flexibility.
- Ordinary dividend of AUD 0.27 per share, 88% franked
- Dividend payable on 19 September 2025 with ex-date 1 September
- Dividend Reinvestment Plan (DRP) available with no discount
- Shareholders can elect to receive dividends in AUD or NZD
- DRP securities to be newly issued and rank pari passu
Dividend Announcement Overview
Pinnacle Investment Management Group Limited (ASX – PNI) has declared an ordinary dividend of AUD 0.27 per fully paid share for the six months ending 30 June 2025. This dividend is 88% franked, reflecting the company’s strong tax position and ongoing profitability. The payment date is set for 19 September 2025, with the ex-dividend date on 1 September and the record date on 2 September.
Dividend Reinvestment Plan Details
In line with its shareholder-friendly approach, Pinnacle is offering a Dividend Reinvestment Plan (DRP) for this dividend. Notably, the DRP carries no discount, meaning shareholders reinvesting dividends will purchase shares at the volume weighted average price over the period from 8 to 12 September 2025. The DRP shares will be newly issued and rank equally with existing shares from the issue date, 19 September 2025. Shareholders must lodge their DRP election by 12 September 2025 to participate.
Currency Options and Shareholder Flexibility
Pinnacle has also confirmed flexible currency arrangements for dividend payments. Shareholders with Australian or New Zealand bank accounts will receive payments in AUD or NZD respectively. Those without such nominations will be paid in AUD by default, but shareholders can elect to receive dividends in NZD if preferred. This currency choice must be communicated by 2 September 2025. The company will convert AUD to NZD at prevailing exchange rates prior to payment.
Implications for Investors
This dividend announcement underscores Pinnacle’s steady cash flow generation and commitment to returning value to shareholders. The high franking percentage enhances the after-tax yield for Australian investors. The availability of a no-discount DRP provides an option for shareholders to compound their investment without immediate cash outlay, though the lack of discount may temper participation. Currency flexibility also caters to the company’s trans-Tasman shareholder base, reflecting Pinnacle’s regional footprint.
Overall, this dividend declaration fits within Pinnacle’s consistent capital management strategy, signaling confidence in its financial health and outlook.
Bottom Line?
Pinnacle’s fully franked dividend and flexible DRP options reinforce its shareholder value focus ahead of the September payment date.
Questions in the middle?
- Will the absence of a DRP discount affect shareholder participation rates?
- How might currency fluctuations impact NZD dividend payments and investor returns?
- What are Pinnacle’s plans for capital allocation beyond this dividend cycle?