Venus Metals has maintained its AUD 0.1697 per share special dividend after issuing 895,575 new ordinary shares. The payment’s tax composition has changed, with 79.66% now franked and 20.34% unfranked.
- AUD 0.1697 special dividend remains unchanged
- 895,575 new ordinary shares issued
- 79.66% of the distribution is franked
- Record date is 11 September 2026
- Payment is scheduled for 18 September 2026
Special Dividend Total Remains Unchanged
Venus Metals Corporation Limited (ASX:VMC) has revised the tax split of its planned special dividend after issuing 895,575 new fully paid ordinary shares. The total distribution remains AUD 0.1697 per share, meaning the update changes the composition of the payment rather than its headline value.
The revised distribution is 79.66% franked and 20.34% unfranked. That equates to AUD 0.1352 franked and AUD 0.0345 unfranked per share, with no conduit foreign income component. The applicable corporate tax rate for the franking credit is 30%.
Updated Record and Payment Dates
Venus Metals’ ordinary shares will trade ex-dividend on 10 September 2026, with the record date set for 11 September. Payment is scheduled for 18 September, subject to the timetable disclosed in the updated announcement.
The company said the share issue changed the percentages of franked and unfranked dividend per share, but did not alter the total rate. The filing does not identify the reason for issuing the additional shares beyond its effect on the distribution’s tax proportions.
Tax Split Becomes the Key Investor Detail
For shareholders, the practical change is therefore not the cash amount per share but how that amount is treated for franking purposes. The value of franking credits can differ depending on an investor’s tax position, so the revised split may matter more to some holders than the unchanged AUD 0.1697 headline payment.
With the record date approaching, the remaining point to monitor is execution of the revised distribution: whether the stated share count and franking allocation are carried through to payment on 18 September.
Bottom Line?
The cash amount is unchanged, but investors should use the revised 79.66% franking split when assessing the distribution’s after-tax value.
Questions in the middle?
- Will the 895,575 new shares create any further adjustment to the distribution before the record date?
- Will Venus Metals complete the AUD 0.1697 payment on 18 September as scheduled?
- How will the revised franking mix affect shareholders with different tax positions?