Vicinity Centres Announces 6.05 Cents Dividend for H1 FY25, DRP at 1% Discount
Vicinity Centres has announced an ordinary unfranked dividend of AUD 0.0605 per security for the six months ending June 2025, accompanied by a Dividend Reinvestment Plan offering a 1% discount.
- Ordinary dividend of AUD 0.0605 per security for H1 FY25
- Dividend fully unfranked, payable on 16 September 2025
- Dividend Reinvestment Plan (DRP) available with 1% discount
- Securityholders can elect payment in AUD or NZD
- No approvals required prior to dividend payment
Dividend Announcement Overview
Vicinity Centres (ASX – VCX), a leading Australian real estate investment trust, has declared an ordinary dividend of AUD 0.0605 per security for the six-month period ending 30 June 2025. This dividend is scheduled for payment on 16 September 2025, with the ex-dividend date set for 25 August and the record date on 26 August. Notably, the dividend is fully unfranked, meaning it carries no Australian franking credits.
Dividend Reinvestment Plan Details
Alongside the cash dividend, Vicinity Centres offers a Dividend Reinvestment Plan (DRP) that allows securityholders to reinvest their dividends into new stapled securities rather than receiving cash. The DRP includes a 1% discount on the average market price calculated over the period from 28 August to 3 September 2025. Eligible participants must lodge their election by 27 August 2025. The new securities issued under the DRP will rank equally with existing securities from the issue date.
Currency Election and Tax Information
Securityholders have the option to receive their distributions in either Australian dollars (AUD) or New Zealand dollars (NZD), provided they submit a valid currency election by the record date. This flexibility reflects Vicinity Centres’ investor base across Australia and New Zealand. Tax component details related to this distribution will be made available in September 2025 on the company’s website, providing transparency for investors regarding the tax treatment of their income.
No Regulatory Approvals Required
The dividend payment does not require any securityholder, court, or regulatory approvals, indicating a straightforward distribution process. This suggests confidence in the company’s financial position and cash flow stability, as well as a commitment to returning income to investors in a timely manner.
Implications for Investors
For investors, this announcement confirms a steady income stream from Vicinity Centres for the first half of FY25, with the added benefit of a DRP that can compound holdings at a slight discount. The unfranked nature of the dividend may influence after-tax returns depending on individual tax circumstances. The currency election option also caters to a diverse investor base, potentially enhancing appeal among New Zealand investors.
Bottom Line?
Vicinity Centres’ dividend declaration underscores steady income delivery, with DRP participation and tax details set to shape investor response.
Questions in the middle?
- What impact will the fully unfranked dividend have on investor after-tax returns?
- How will participation rates in the DRP affect Vicinity Centres’ capital structure?
- Will currency election preferences shift significantly between AUD and NZD among securityholders?
