Mirrabooka Declares AUD 0.045 Fully Franked Dividend for H1 2026

Mirrabooka’s Dividend Announcement

Mirrabooka Investments Limited has declared an ordinary dividend of AUD 0.045 per share for the six months ending 31 December 2025. This dividend is fully franked at the 30% corporate tax rate, reflecting the company’s ongoing commitment to delivering tax-effective income to its shareholders. The payment date is set for 17 February 2026, with an ex-dividend date of 23 January 2026 and a record date of 27 January 2026.

Tax Implications and Dividend Source

Notably, the dividend is sourced from taxable capital gains, with a pre-tax attributable gain of 6.43 cents per share. This structure allows certain shareholders to claim a tax deduction, an attractive feature for investors mindful of their tax positions. The fully franked nature of the dividend means shareholders receive credit for tax already paid by the company, enhancing the effective yield on their investment.

Reinvestment and Bonus Security Plans

Mirrabooka offers shareholders the option to participate in a Dividend Reinvestment Plan (DRP) and a Bonus Security Plan (BSP), both of which are fully available for this dividend. Importantly, there is no discount applied to shares issued under these plans, which will be priced based on the average selling price over a five-day period following the ex-dividend date. Shares issued through these plans will rank equally with existing shares, ensuring parity for participating investors.

Participation Details and Conditions

Shareholders wishing to participate in either the DRP or BSP must lodge their election by 28 January 2026. The default option for those who do not make an election is to receive the dividend in cash. There are no minimum or maximum participation limits, though eligibility requirements apply as outlined in the respective plan rules. This flexibility caters to a broad range of investor preferences, from income-focused to growth-oriented shareholders.

Market Context and Outlook

While the dividend amount remains steady, the absence of a discount on reinvested shares may temper some demand for the DRP and BSP. However, the fully franked status and tax-efficient nature of the dividend continue to make Mirrabooka an appealing option for income investors. Analysts will be watching closely to see how shareholders respond to these reinvestment options and whether the company maintains this dividend level in future periods amid evolving market conditions.