MyState Sets Dividend at AUD 0.11 Per Share with DRP Discount of 1.5%
MyState Limited has confirmed a fully franked ordinary dividend of AUD 0.11 per share for the six months ending June 2025, alongside a dividend reinvestment plan priced at AUD 4.195 per share.
- Ordinary fully franked dividend of AUD 0.11 per share
- Dividend relates to six months ending 30 June 2025
- Dividend payment date set for 16 September 2025
- Dividend Reinvestment Plan (DRP) price confirmed at AUD 4.195
- DRP shares to be newly issued and rank pari passu
Dividend Details Confirmed
MyState Limited (ASX – MYS) has provided an update confirming the details of its ordinary dividend for the half-year period ending 30 June 2025. The company will pay a fully franked dividend of AUD 0.11 per ordinary share, reflecting a steady income stream for shareholders. The dividend is scheduled to be paid on 16 September 2025, with the record date set at 25 August 2025 and the ex-dividend date on 22 August 2025.
Dividend Reinvestment Plan Pricing
Alongside the dividend announcement, MyState has confirmed the pricing for its Dividend Reinvestment Plan (DRP). The DRP price is set at AUD 4.195 per share, calculated as a 1.5% discount to the volume weighted average price (VWAP) of shares traded on the ASX between 27 August and 2 September 2025. This discount provides an incentive for shareholders to reinvest their dividends into additional shares rather than receiving cash.
DRP Participation and Share Issuance
The DRP is fully available for this dividend, with shares issued under the plan being newly created and ranking equally with existing ordinary shares from the date of issue. Notably, there is no minimum or maximum participation limit, allowing shareholders of all sizes to opt in. However, participation is subject to standard DRP rules, including restrictions on shareholders in certain jurisdictions such as the United States.
No Additional Approvals Required
Importantly, MyState has confirmed that no external approvals, such as security holder, court, or regulatory consents, are required for the dividend payment or DRP issuance. This streamlines the process and provides certainty around the timing and execution of the distribution.
Investor Implications
For investors, the fully franked dividend maintains an attractive income yield, especially given the 30% corporate tax credit embedded in the payment. The DRP discount may encourage reinvestment, potentially diluting share value but supporting capital growth and shareholder equity over time. Market watchers will be keen to observe shareholder uptake of the DRP and its impact on MyState’s share register following the 16 September issuance.
Bottom Line?
As MyState moves to pay its fully franked dividend and issue DRP shares, investor response will shape the company’s capital structure heading into the next half.
Questions in the middle?
- What level of shareholder participation will the DRP attract given the 1.5% discount?
- How might the new share issuance impact MyState’s share price and earnings per share?
- Will the fully franked dividend policy continue into future periods amid changing market conditions?
