Perpetual Limited has announced an ordinary unfranked dividend of AUD 0.59 per share for the half-year ending December 2025, accompanied by a Dividend Reinvestment Plan offering.
- Ordinary unfranked dividend of AUD 0.59 per share
- Ex-dividend date set for 12 March 2026
- Dividend payment scheduled for 7 April 2026
- Dividend Reinvestment Plan (DRP) available with no discount
- DRP election deadline on 16 March 2026
Dividend Announcement Overview
Perpetual Limited (ASX: PPT), a key player in Australia's asset management sector, has declared an ordinary dividend of AUD 0.59 per fully paid ordinary share. This dividend relates to the six-month period ending 31 December 2025 and is notable for being fully unfranked, meaning it carries no Australian franking credits.
Key Dates and Payment Details
The ex-dividend date is set for 12 March 2026, with the record date following on 13 March 2026. Shareholders on the register by this date will be eligible for the dividend payment, which is scheduled for 7 April 2026. This timeline aligns with standard market practices, providing investors clarity on when to expect income from their holdings.
Dividend Reinvestment Plan (DRP) Insights
Perpetual Limited continues to offer a Dividend Reinvestment Plan, allowing shareholders to reinvest their dividends into new shares rather than receiving cash. The DRP is offered without any discount, and the election deadline for participation is 16 March 2026. The price for reinvested shares will be calculated based on the 10-day volume weighted average price (VWAP) starting from 16 March to 27 March 2026, with new shares issued shortly thereafter.
Implications of an Unfranked Dividend
The absence of franking credits means that the dividend is paid out of income that has not been taxed at the corporate level in Australia. For investors, this may influence the after-tax return depending on their individual tax circumstances. While some investors prefer franked dividends for their tax efficiency, others may focus on the yield and the option to reinvest dividends to compound their holdings.
Looking Ahead
This dividend announcement reflects Perpetual Limited’s ongoing commitment to returning value to shareholders while maintaining flexibility through its DRP. Investors will be watching closely to see how the market responds post the ex-dividend date and the uptake of the DRP, which could impact the company’s capital structure and share price dynamics in the near term.
Bottom Line?
Perpetual’s unfranked dividend and DRP offer a steady income option, but investors should watch for market reaction and reinvestment uptake.
Questions in the middle?
- How will the market respond to the fully unfranked nature of this dividend?
- What level of participation will the Dividend Reinvestment Plan attract this cycle?
- Could the issuance of new shares under the DRP affect Perpetual’s share price or capital structure?