Whitefield Industrials Declares Fully Franked Dividend and Sets DRP Price at AUD 5.39
Whitefield Industrials Limited has confirmed a fully franked ordinary dividend of AUD 0.105 per share for the half-year ending September 2025, alongside setting the Dividend Reinvestment Plan and Bonus Security Plan issue price at AUD 5.39.
- Ordinary fully franked dividend of AUD 0.105 per share declared
- Dividend relates to period ending 30 September 2025
- Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP) issue price set at AUD 5.39
- DRP and BSP securities to be newly issued and rank pari passu
- Plans not offered to shareholders outside Australia and New Zealand
Dividend Declaration and Payment Details
Whitefield Industrials Limited (ASX – WHF) has announced an update to its dividend distribution details, confirming an ordinary dividend of AUD 0.105 per share. This dividend is fully franked, reflecting the company’s confidence in its tax position and ongoing profitability. The dividend relates to the six-month period ending 30 September 2025, with key dates set for shareholders – the record date is 5 December 2025, the ex-dividend date is 4 December 2025, and payment will be made on 19 December 2025.
Dividend Reinvestment and Bonus Security Plans
In addition to the cash dividend, Whitefield Industrials has detailed its Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP). Both plans offer shareholders the option to reinvest their dividends into new shares rather than receiving cash. The issue price for these plans has been set at AUD 5.39 per share, calculated as the weighted average market price over the five trading days starting from the ex-dividend date. Importantly, the securities issued under these plans will be newly created and will rank equally with existing shares from the date of issue.
Participation Conditions and Geographic Limitations
Whitefield Industrials has specified that the DRP and BSP are not available to shareholders with registered addresses outside Australia and New Zealand, a common restriction that reflects regulatory and administrative considerations. Shareholders who do not actively elect to participate in these plans will receive their dividends in cash by default. There are no minimum or maximum participation limits, making the plans accessible to all eligible shareholders. However, certain conditions apply, detailed in the company’s plan booklets available on their website.
Implications for Shareholders and Market
This dividend announcement and the accompanying reinvestment options provide shareholders with flexibility in managing their investment returns. The fully franked nature of the dividend enhances its attractiveness, especially for Australian investors who can benefit from franking credits. The DRP and BSP at a fixed issue price of AUD 5.39 may also influence shareholder behaviour around the ex-dividend date, potentially impacting trading volumes and share price dynamics. Investors will be watching closely to see how many shareholders opt to reinvest versus taking cash, which could signal confidence in the company’s future prospects.
Bottom Line?
Whitefield Industrials’ dividend update underscores steady shareholder returns while setting the stage for capital structure shifts through reinvestment plans.
Questions in the middle?
- What proportion of shareholders will elect to participate in the DRP and BSP?
- How will the fixed issue price of AUD 5.39 compare to the share price post ex-dividend date?
- Will the exclusion of international shareholders from the plans affect overall participation and liquidity?
