The Lottery Corporation Limited has confirmed its fully franked interim dividend and set the Dividend Reinvestment Plan price at AUD 5.91 per share, offering shareholders a clear path to reinvestment for the six months ending June 2025.
- Interim dividend of AUD 0.085 per share fully franked
- Dividend payable on 25 September 2025
- DRP price fixed at AUD 5.91 with no discount
- DRP available to shareholders in Australia and New Zealand
- No minimum or maximum participation limits for DRP
Dividend Details Confirmed
The Lottery Corporation Limited (ASX, TLC) has updated its previous dividend announcement to confirm a fully franked ordinary dividend of AUD 0.085 per share for the six-month period ending 30 June 2025. This dividend will be paid to shareholders on 25 September 2025, with the record date set at 28 August 2025.
The fully franked status means shareholders will receive a dividend with a 30% corporate tax credit attached, reflecting the company’s ongoing profitability and tax compliance. This is a positive signal for investors seeking reliable income streams from the lottery and gaming sector.
Dividend Reinvestment Plan Price Set
Alongside the dividend confirmation, TLC has determined the Dividend Reinvestment Plan (DRP) price at AUD 5.91 per share. This price is calculated as the arithmetic average of the daily volume weighted average market price over a 10-day trading period from 1 to 12 September 2025. Notably, there is no discount applied to the DRP price, which means shareholders opting to reinvest their dividends will do so at a fair market value.
The DRP is available exclusively to shareholders with registered addresses in Australia and New Zealand, reflecting the company’s regional shareholder base. Participation in the DRP is voluntary, with the default option being cash payment if shareholders do not elect to participate. There are no minimum or maximum limits on participation, making it accessible to all eligible shareholders.
Implications for Shareholders and Market
By setting a transparent DRP price and confirming a fully franked dividend, The Lottery Corporation reinforces its commitment to shareholder returns and capital management. The absence of a discount on the DRP price may temper some investor enthusiasm for reinvestment, but it also avoids dilution concerns that can arise from discounted share issues.
Investors will be watching closely to see the uptake of the DRP, which can influence the company’s capital structure and share liquidity. The payment in Australian dollars and direct credit for Australian residents ensures a streamlined process for dividend distribution.
Overall, this update provides clarity and confidence to shareholders ahead of the payment date, underscoring The Lottery Corporation’s steady financial footing in a competitive sector.
Bottom Line?
The Lottery Corporation’s clear dividend and DRP terms set the stage for shareholder engagement and capital strategy in the coming months.
Questions in the middle?
- How will shareholder participation in the DRP impact The Lottery Corporation’s capital structure?
- Will the lack of a DRP discount affect reinvestment uptake among retail investors?
- What are the broader market implications for TLC’s share price following this dividend announcement?