Northern Star Declares AUD 0.30 Fully Franked Dividend for H1 2025

Northern Star Confirms Dividend Details

Northern Star Resources Ltd (ASX, NST) has provided an important update to its dividend announcement, specifying the price for its Dividend Reinvestment Plan (DRP) alongside confirming the dividend payment schedule. The company declared an ordinary dividend of AUD 0.30 per share, fully franked, relating to the financial period ending 30 June 2025.

The record date for shareholders eligible to receive this dividend is 3 September 2025, with the ex-dividend date falling a day earlier on 2 September. The dividend payment is scheduled for 25 September 2025, maintaining a consistent timeline for income distribution to investors.

Dividend Reinvestment Plan Price Set

In this update, Northern Star has set the DRP price at AUD 20.00 per share. This price is calculated as the arithmetic average of the daily volume weighted average sale prices of all shares sold on the ASX during the five trading days immediately following the record date. Notably, there is no discount applied to the DRP price, which is somewhat unusual as companies often offer a discount to incentivize participation.

The DRP is fully available to shareholders, with no minimum or maximum participation limits. Shares issued under the DRP will be newly issued and will rank equally with existing shares from the date of issue, ensuring no dilution disadvantage for participants.

Implications for Shareholders and Market

For investors, the fully franked nature of the dividend means they can benefit from franking credits, which can be particularly valuable for Australian taxpayers. The availability of a DRP without a discount suggests Northern Star is confident in its share price stability and shareholder appetite for reinvestment.

However, the issuance of new shares through the DRP could have a modest dilutive effect on existing shareholders if participation rates are high. Market watchers will be keen to observe how the share price responds around the payment and issue dates, as well as the uptake of the DRP by shareholders.

Overall, this update provides clarity and transparency on Northern Star’s dividend policy and reinvestment options, reinforcing its commitment to returning value to shareholders while supporting capital management strategies.