MyState Limited has confirmed a fully franked ordinary dividend of 12 cents per share for the half-year ending December 2025, alongside an updated dividend reinvestment plan price reflecting recent trading activity.
- Ordinary fully franked dividend of AUD 0.12 per share declared
- Dividend payable on 20 March 2026 with record date 26 February 2026
- Dividend Reinvestment Plan (DRP) price set at AUD 4.3729 with 1.5% discount
- DRP securities to be newly issued and rank pari passu from issue date
- No shareholder or regulatory approvals required for dividend payment
Dividend Confirmation and Payment Details
MyState Limited has officially confirmed its ordinary dividend for the six months ending 31 December 2025 at 12 cents per share, fully franked at the 30% corporate tax rate. This dividend will be paid on 20 March 2026, with the record date set for 26 February 2026, allowing shareholders to plan accordingly for income recognition.
Dividend Reinvestment Plan Pricing Update
Alongside the dividend announcement, MyState has updated the price for its Dividend Reinvestment Plan (DRP). The DRP price is calculated using the volume weighted average price (VWAP) of shares traded on the ASX from 2 to 6 March 2026, resulting in a price of AUD 4.3729 per share after applying a 1.5% discount. This discount incentivises shareholders to reinvest dividends into new shares rather than taking cash.
DRP Participation and Issuance
The DRP remains a full participation plan, meaning shareholders can elect to reinvest their entire dividend entitlement. The new shares issued under the DRP will rank equally with existing shares from the date of issue on 20 March 2026. Importantly, no minimum or maximum participation limits apply, though participation is restricted for shareholders outside permitted jurisdictions, including the United States.
Regulatory and Shareholder Approvals
MyState has confirmed that no additional approvals from shareholders, courts, or regulatory bodies such as the Australian Competition and Consumer Commission (ACCC) or Foreign Investment Review Board (FIRB) are required for this dividend distribution. This streamlines the payment process and provides certainty to investors.
Implications for Investors
The fully franked nature of the dividend enhances its attractiveness to Australian investors seeking tax-effective income. The DRP discount and issuance of new shares may also influence shareholder composition and capital structure subtly, depending on uptake. Investors will be watching participation rates closely as a gauge of confidence in MyState’s outlook.
Bottom Line?
With dividend details locked in and DRP terms clarified, MyState sets the stage for shareholder returns and capital management in 2026.
Questions in the middle?
- What level of shareholder participation is expected in the DRP this cycle?
- How might the issuance of new shares under the DRP impact MyState’s share price and capital structure?
- Will MyState maintain or increase its dividend payout in the next reporting period?