Premier Investments Declares AUD 0.50 Fully Franked Dividend for H1 FY2025

Premier Investments Announces Dividend

Premier Investments Limited (ASX, PMV), a key player in the retail sector, has declared an ordinary dividend of AUD 0.50 per share for the half-year period ending 26 July 2025. This dividend is fully franked, reflecting the company’s ability to pass on tax credits to shareholders, which is often viewed positively by investors seeking tax-efficient income streams.

The ex-dividend date is set for 11 December 2025, with the record date following on 12 December 2025. Shareholders on the register as of the record date will be eligible to receive the dividend payment scheduled for 23 January 2026. This timeline aligns with typical dividend payment schedules and provides clarity for investors planning their portfolios.

Implications of a Fully Franked Dividend

The 100% franking of the dividend at the 30% corporate tax rate means that Premier Investments has paid the full amount of tax on its earnings distributed as dividends. This can enhance the after-tax return for Australian resident shareholders, who can use the franking credits to offset their own tax liabilities. The absence of any unfranked component underscores the company’s strong tax position and consistent profitability.

Interestingly, the company’s Dividend Reinvestment Plan (DRP) will not apply to this dividend, signaling that shareholders will receive cash payments rather than having the option to reinvest dividends into additional shares. This decision may influence shareholder preferences, particularly for those who favour reinvestment strategies to compound their holdings.

No Approvals Required and Market Context

Premier Investments confirmed that no external approvals, such as security holder or regulatory consents, are required before the dividend payment. This suggests a straightforward distribution process without anticipated delays or complications. The announcement comes amid a stable retail environment, with Premier Investments maintaining its commitment to returning value to shareholders.

While the dividend amount is consistent with expectations and does not signal a change in dividend policy, investors will be watching closely for any future updates or shifts in payout strategy, especially as market conditions evolve.