Westgold Declares 3 Cent Final Dividend Ahead of October Payout
Westgold Resources Limited has announced a 3 cent per share final dividend for the financial year ending June 2025, payable in October. The dividend is unfranked, reflecting the company’s current tax position.
- Final dividend of AUD 0.03 per share declared for FY25
- Dividend is unfranked, with no franking credits attached
- Ex-dividend date set for 11 September 2025
- Payment scheduled for 10 October 2025
- No shareholder or regulatory approvals required for payment
Westgold’s Dividend Announcement
Westgold Resources Limited (ASX, WGX) has declared a final ordinary dividend of 3 cents per share for the financial year ended 30 June 2025. This announcement, made on 28 August 2025, confirms the company’s intention to reward shareholders with a cash distribution reflecting its profitability and cash flow position over the past year.
Key Dates and Dividend Details
The dividend will be paid on 10 October 2025, with an ex-dividend date of 11 September 2025 and a record date of 12 September 2025. Investors looking to qualify for the dividend must hold shares before the ex-date. Notably, the dividend is unfranked, meaning it does not carry Australian franking credits, which may influence the after-tax return for certain shareholders depending on their tax circumstances.
Implications of an Unfranked Dividend
Westgold’s choice to pay an unfranked dividend suggests the company has limited franking credits available, possibly due to its tax position or recent earnings composition. While this is not unusual in the mining sector, it does mean shareholders will not receive the benefit of imputation credits to offset Australian tax liabilities. This detail is important for investors who factor franking credits into their income strategies.
No Approvals Required
The company confirmed that no shareholder, court, or regulatory approvals are necessary for this dividend payment, indicating a straightforward distribution process. This can be seen as a positive sign of corporate governance and financial health, as the dividend declaration aligns with internal policies and available cash resources.
Looking Ahead
While the dividend announcement provides a clear signal of Westgold’s commitment to returning value to shareholders, it leaves open questions about the company’s broader financial performance and future dividend policy. Investors will be keen to review the full FY25 financial results when released to understand the sustainability of dividends and the company’s growth prospects amid fluctuating gold prices.
Bottom Line?
Westgold’s unfranked dividend signals steady shareholder returns but invites scrutiny of its tax position and future payout sustainability.
Questions in the middle?
- What are Westgold’s full FY25 earnings and cash flow details behind this dividend?
- Will future dividends remain unfranked or will franking credits become available?
- How might gold price volatility impact Westgold’s dividend policy going forward?
