Regal Partners Limited has announced a fully franked ordinary dividend of AUD 0.06 per share for the first half of FY25, alongside a dividend reinvestment plan open to Australian and New Zealand shareholders.
- Ordinary fully franked dividend of AUD 0.06 per share declared
- Dividend payable on 1 October 2025 for the six months ending 30 June 2025
- Dividend Reinvestment Plan (DRP) available with new shares issued at VWAP
- Converting redeemable preference shares participate equally in dividend
- DRP participation limited to shareholders in Australia and New Zealand
Dividend Announcement Overview
Regal Partners Limited (ASX – RPL), a key player in the Australian asset management sector, has declared an ordinary dividend of AUD 0.06 per fully paid ordinary share. This dividend is fully franked, reflecting the company’s strong tax position, and relates to the six-month period ending 30 June 2025. The payment date is set for 1 October 2025, with the record date on 1 September and an ex-dividend date of 29 August.
Dividend Reinvestment Plan Details
Shareholders have the option to participate in Regal Partners’ Dividend Reinvestment Plan (DRP), which allows dividends to be reinvested into new shares rather than paid in cash. The DRP price will be calculated based on the volume weighted average price (VWAP) over five trading days starting 3 September 2025. New shares issued under the DRP will rank equally with existing shares from the issue date, maintaining shareholder equity. Notably, participation in the DRP is limited to shareholders with registered addresses in Australia and New Zealand, a common restriction reflecting regulatory and administrative considerations.
Impact of Converting Redeemable Preference Shares
The dividend announcement also highlights the role of converting redeemable preference shares issued during Regal Partners’ acquisition of PM Capital Limited in December 2023. These converting shares rank equally with ordinary shares for dividend purposes. Dividends on deferred converting shares will be paid in cash, while dividends on contingent converting shares will be reinvested under the DRP, aligning their treatment with ordinary shareholders and supporting capital structure consistency.
Strategic and Market Implications
This dividend declaration underscores Regal Partners’ commitment to delivering shareholder returns while managing capital prudently following its recent acquisition. The fully franked nature of the dividend is attractive to investors seeking tax-effective income. Meanwhile, the DRP offers a flexible option for shareholders to compound their investment, potentially diluting shares but supporting the company’s growth ambitions. Market participants will be watching DRP uptake closely as an indicator of shareholder confidence and future capital needs.
Bottom Line?
Regal Partners’ dividend and DRP announcement sets the stage for shareholder engagement and capital strategy execution in FY25.
Questions in the middle?
- What level of shareholder participation will the DRP attract, and how might this affect Regal’s capital base?
- How will the integration of PM Capital continue to influence Regal Partners’ dividend policy and growth trajectory?
- Could the limitation of DRP participation to Australia and New Zealand shareholders impact international investor sentiment?