Northern Star Declares Fully Franked AUD 0.30 Dividend with DRP Option

Northern Star's Dividend Announcement

Northern Star Resources Ltd (ASX, NST), a prominent player in the gold mining sector, has declared an ordinary dividend of AUD 0.30 per share, fully franked at the 30% corporate tax rate. This dividend covers the six-month period ending 30 June 2025, reflecting the company’s ongoing commitment to returning value to shareholders.

The dividend will go ex-dividend on 2 September 2025, with the record date set for 3 September 2025. Payment is scheduled for 25 September 2025, providing investors with a clear timeline for receipt of their dividend payments.

Dividend Reinvestment Plan Details

Northern Star has also confirmed the availability of a Dividend Reinvestment Plan (DRP) for this dividend. Shareholders who choose to participate can reinvest their dividend payments into newly issued shares rather than receiving cash. Notably, the DRP carries no discount on the share price, which will be calculated as the arithmetic average of the daily volume weighted average prices over five trading days following the record date.

The DRP election deadline is 4 September 2025 at 5, 00 pm, and shares issued under the plan will rank equally with existing shares from the date of issue. This option offers shareholders a flexible way to compound their investment in Northern Star without incurring brokerage fees.

Implications for Investors

The fully franked nature of the dividend means shareholders will receive a tax credit, enhancing the after-tax return on their investment. The absence of a DRP discount suggests the company is confident in its current share price and prefers to maintain shareholder value without diluting it through discounted share issuance.

While the announcement does not provide forward guidance or commentary on future dividends, the steady dividend payment underscores Northern Star’s stable cash flow and profitability in a sector often subject to commodity price volatility.