Pinnacle Investment Sets DRP Price at AUD 18.706 for FY2025 H1 Dividend

Dividend Update and Payment Details

Pinnacle Investment Management Group Limited has provided an update to its previous dividend announcement, specifying key details for shareholders ahead of the upcoming payment. The company declared an ordinary dividend of AUD 0.27 per fully paid ordinary share for the six-month period ending 30 June 2025. This dividend is 88% franked, reflecting the company’s strong tax position and commitment to delivering value to investors.

The dividend record date was set for 2 September 2025, with the payment scheduled for 19 September 2025. Shareholders registered by the record date will be eligible to receive the dividend, which underscores Pinnacle’s consistent approach to rewarding its investor base.

Dividend Reinvestment Plan Pricing and Participation

A significant update in this announcement is the confirmation of the Dividend Reinvestment Plan (DRP) price at AUD 18.706 per share. The DRP allows shareholders to reinvest their dividends into new shares rather than receiving cash payments. Notably, Pinnacle has set no discount on the DRP price, which is calculated based on the volume weighted average price over a specified period from 8 to 12 September 2025.

Participation in the DRP is optional, with the default option being cash payment for those who do not elect to participate. New shares issued under the DRP will rank equally with existing shares from the issue date, maintaining shareholder equity and voting rights.

Currency Options and Shareholder Flexibility

Pinnacle also detailed its currency arrangements for dividend payments. Shareholders with Australian or New Zealand bank accounts will receive payments in AUD or NZD respectively. Those without such nominations will receive payments in AUD by default, but shareholders can elect to receive dividends in New Zealand dollars if preferred. This flexibility reflects Pinnacle’s recognition of its shareholder base across both countries and its effort to accommodate diverse preferences.

While the exchange rates for NZD payments were not disclosed at the time of the announcement, the company indicated that payments in NZD will be converted from AUD prior to the dividend payment date.

Implications for Investors

For investors, the update confirms a steady income stream with a well-franked dividend, enhancing after-tax returns. The DRP pricing without discount suggests Pinnacle’s confidence in its share price and underlying business fundamentals. The availability of reinvestment options without minimum or maximum limits provides flexibility for shareholders to tailor their investment strategy.

Overall, this announcement reinforces Pinnacle’s disciplined approach to capital management and shareholder engagement as it navigates the financial year 2025.