Why Is Judo Capital Paying AUD 1.78 Fully Franked This Quarter?
Judo Capital Holdings Limited has announced a fully franked quarterly distribution of AUD 1.78026 per capital note, payable in November 2025, reflecting its ongoing commitment to income-focused investors.
- Quarterly distribution of AUD 1.78026 per Judo Capital Note (JDOPA)
- Distribution fully franked at 100%, reflecting a 30% corporate tax rate
- Payment scheduled for 17 November 2025, with ex-date on 6 November
- Distribution rate based on 3-month BBSW plus a 6.5% margin, adjusted for tax
- Payment subject to Judo's discretion and standard capital note conditions
Judo Capital's Latest Distribution Announcement
Judo Capital Holdings Limited (ASX – JDO) has confirmed its upcoming quarterly distribution for holders of its capital notes (JDOPA). The company will pay AUD 1.78026 per note on 17 November 2025, with the ex-dividend date set for 6 November and the record date on 7 November. This payment continues Judo's track record of providing steady income streams to its investors.
Fully Franked Dividend Highlights Tax Efficiency
Notably, the distribution is fully franked at 100%, meaning investors receive a credit for the corporate tax already paid by Judo at the prevailing 30% rate. This franking enhances the after-tax return for Australian resident investors, making the capital notes an attractive income vehicle in a low-yield environment. The franked status also signals Judo's solid profitability and tax position.
Distribution Rate Formula and Payment Conditions
The distribution rate is calculated using the 3-month Bank Bill Swap Rate (BBSW) plus a margin of 6.5%, adjusted for tax considerations, resulting in an annualised rate of approximately 7.06%. This formula reflects market conditions and the risk premium demanded by investors for perpetual, non-cumulative capital notes. However, the payment remains subject to Judo's absolute discretion and standard conditions outlined in the capital notes prospectus, which means distributions could be deferred under certain circumstances.
Implications for Investors and Market Context
For income-focused investors, this announcement reinforces Judo Capital's commitment to delivering reliable distributions, backed by a clear and transparent calculation method. The fully franked nature of the payment adds to its appeal amid ongoing market volatility and interest rate fluctuations. However, investors should remain mindful of the discretionary nature of the payments and monitor any updates regarding the franking rate or changes in market conditions that could impact future distributions.
Bottom Line?
Judo Capital's fully franked distribution underscores steady income potential, but discretion and market shifts warrant close investor attention.
Questions in the middle?
- Will Judo maintain the 100% franking rate for upcoming distributions?
- How might changes in the BBSW rate affect future distribution amounts?
- What conditions could trigger Judo to defer or adjust capital note payments?
