Desane Rewards Shareholders with 2 Cent Special Dividend After Lane Cove Sale
Desane Group Holdings has declared a special 2 cent per share dividend following the sale of a key property in Lane Cove, signalling a direct return of capital to shareholders.
- Special dividend of 2 cents per share declared
- Dividend is 82% partially franked
- Total payout approximately $818,200
- Dividend funded by sale of 13 Sirius Road, Lane Cove property
- Record date set for 3 December 2025, payment on 17 December 2025
Desane Declares Special Dividend
Desane Group Holdings Limited (ASX, DGH), a prominent player in Sydney's property investment and development sector, has announced a special dividend of 2 cents per share. This payout, partially franked at 82%, reflects the company’s decision to share the proceeds from a recent property sale directly with its shareholders.
Sale of Lane Cove Property Triggers Payout
The special dividend follows the completion of the sale of 13 Sirius Road, Lane Cove, a strategic asset within Desane’s portfolio. While the company has not disclosed the sale price, the dividend payment totals approximately $818,199.80, indicating a significant capital return derived from this transaction.
Dividend Timeline and Shareholder Impact
Shareholders registered by 3 December 2025 will be eligible for the dividend, which is scheduled for payment on 17 December 2025. The partially franked nature of the dividend means shareholders will receive a tax credit for a portion of the dividend, enhancing its after-tax value.
Strategic Implications for Desane
This special dividend underscores Desane’s commitment to delivering shareholder value, particularly following asset disposals. It also raises questions about the company’s future capital allocation strategy and whether further asset sales or dividends might be on the horizon as part of its broader growth and portfolio management plans.
Looking Ahead
With the property market dynamics continually evolving, Desane’s ability to capitalise on asset sales and reward shareholders will be closely watched. Investors will be keen to see how this dividend fits into the company’s longer-term financial health and growth trajectory.
Bottom Line?
Desane’s special dividend marks a tangible reward from asset sales, but investors will watch closely for the company’s next moves in capital management.
Questions in the middle?
- What was the sale price and profit margin on the 13 Sirius Road property?
- Will Desane pursue further asset sales to fund dividends or growth?
- How sustainable are dividend payments amid changing property market conditions?
