Tamawood will pay shareholders a fully franked dividend of 10.5 cents per share for the six months ended 30 June 2026. Investors who opt into the reinvestment plan will receive shares priced at a 3% discount to the 10-day VWAP.
- 10.5 cents per share, fully franked
- Ex date set for 19 November 2026
- Cash payment due on 11 December 2026
- DRP offers a 3% discount to 10-day VWAP
- DRP elections close on 23 November 2026
Tamawood Declares 10.5 Cent Fully Franked Distribution
Tamawood Limited (ASX:TWD) has declared a 10.5 cent per share ordinary dividend for the six months ended 30 June 2026, giving shareholders a fully franked cash return with a payment date of 11 December.
The dividend will trade ex-distribution from 19 November, with the register closing on 20 November. At a 30% corporate tax rate, the full 10.5 cents per share carries franking credits, while the unfranked component is nil.
Reinvestment Plan Applies at 3% Discount
Tamawood is applying its dividend reinvestment plan in full. Shareholders who elect to participate will have their dividend converted into shares at a price based on the average volume-weighted market price over 10 trading days, less a 3% discount.
The reinvestment price will be calculated using trades from 24 November to 7 December. The company has not yet disclosed that price, which means the number of shares issued under the plan cannot be known until the calculation period is complete. Shareholders who do not participate will receive the dividend in cash.
Key Dates for Cash and DRP Investors
DRP elections must reach the share registry by 4pm on 23 November 2026. Shares issued under the plan and cash payments are scheduled for 11 December, aligning the two distribution options on the same date.
The filing is primarily a shareholder-return announcement rather than an update on operations or balance-sheet conditions. Its practical significance lies in the combination of full franking and a discounted reinvestment route, while the eventual DRP price and the number of new shares issued remain the next material details to emerge.
Bottom Line?
The headline terms are clear, but the value of the DRP will only be known once Tamawood’s 10-day VWAP calculation produces the final reinvestment price.
Questions in the middle?
- What will Tamawood’s 10-day VWAP produce as the final DRP price?
- How many shareholders will choose discounted shares rather than cash?
- Will the plan result in a material increase in Tamawood’s issued capital?