Bisalloy Steel Group Limited has announced a fully franked special dividend of AUD 0.164 per ordinary share for the financial year ending June 2025, with key dates set for December.
- Special dividend of AUD 0.164 per share
- Fully franked at 30% corporate tax rate
- Ex-dividend date on 5 December 2025
- Payment scheduled for 19 December 2025
- Dividend Reinvestment Plan not applicable
Bisalloy Steel’s Special Dividend Announcement
Bisalloy Steel Group Limited (ASX – BIS), a prominent player in the steel manufacturing sector, has declared a special dividend of AUD 0.164 per ordinary share. This dividend is fully franked, reflecting the company’s confidence in its financial position and commitment to returning value to shareholders. The dividend relates to the financial year ending 30 June 2025.
Key Dates and Dividend Details
The ex-dividend date is set for 5 December 2025, with the record date following on 8 December 2025. Shareholders on the register by this date will be entitled to receive the dividend, which is scheduled for payment on 19 December 2025. Notably, the dividend is fully franked at the corporate tax rate of 30%, meaning shareholders will benefit from franking credits that reduce their tax liability.
Dividend Reinvestment Plan and Approvals
While Bisalloy Steel maintains a Dividend Reinvestment Plan (DRP), this special dividend is not eligible for participation in the DRP. Additionally, the company has confirmed that no external approvals, such as security holder or regulatory consents, are required for this dividend payment, streamlining the process and providing certainty to investors.
Context and Market Implications
This special dividend announcement signals strong cash flow and profitability for Bisalloy Steel over the past year. For investors, the fully franked nature of the dividend enhances its attractiveness, especially for those in higher tax brackets. However, the absence of DRP participation may influence some shareholders’ decisions on whether to reinvest or take the payout in cash.
Looking ahead, market participants will be watching closely for any commentary on future dividend policy and the company’s ability to sustain such payouts amid evolving market conditions in the steel sector.
Bottom Line?
Bisalloy Steel’s fully franked special dividend rewards shareholders now, but eyes remain on future payout sustainability.
Questions in the middle?
- Will Bisalloy Steel maintain or increase dividends in the next financial year?
- How will the special dividend impact the company’s cash reserves and investment plans?
- What are the broader market conditions influencing Bisalloy Steel’s dividend decisions?