Latest Perpetual (ASX:PPT) News

Perpetual Limited weathered a turbulent March quarter with a 3.6% drop in assets under management to A$219.2 billion amid currency pressures and outflows, while advancing the sale of its Wealth Management business to Bain Capital.

Big moves came from a surging property fintech, a wealth manager hit by regulators, and a buy-back name that couldn’t find buyers after a price gap. Policy changes also kept payments and market infrastructure in focus, with 2026 dates now doing real work for investors.

Perpetual Limited has updated its dividend announcement, confirming a fully unfranked ordinary dividend of 59 cents per share and setting the Dividend Reinvestment Plan price at $16.11 based on a 10-day volume weighted average price.

A brutal split opened up in small caps: a few stocks surged on hard approvals and funding, while many resource names slid even after announcing big numbers. The week’s tape looked simple: investors paid for certainty and sold anything that still needs time, permits, or more cash.

Payments and lending names wore the biggest swings as investors reacted to a large placement, a takeover repricing, and a governance brawl. Deal terms, disclosure quality, and access to funding mattered more than “big picture” talk this week.

Perpetual Limited has agreed to sell its Wealth Management business to Bain Capital for an upfront $500 million, marking a strategic shift towards asset management and corporate trustee services.

Big moves came from consumer fintech names as investors quickly re-priced growth, losses, and capital needs. A capital-raise week also split the market: some raisings steadied prices, others triggered fresh selling.

Perpetual Limited’s second quarter FY26 update reveals a mixed performance with strong Corporate Trust growth balancing net outflows in Asset Management, while Wealth Management remains stable amid ongoing sale talks.

Perpetual Limited has extended its exclusivity agreement with Bain Capital into early 2026 as discussions continue over the potential sale of its Wealth Management business. While progress is steady, no binding deal is yet assured.

Perpetual Limited has taken a significant step by entering an exclusivity agreement with Bain Capital Private Equity to explore selling its Wealth Management business, though no deal is guaranteed.

Perpetual Limited reported a robust first quarter for FY26, with growth across its Asset Management, Corporate Trust, and Wealth Management divisions, driven by strong market returns and strategic initiatives.

Perpetual Limited has updated its dividend announcement, confirming a 10-day VWAP-based DRP price of AUD 19.03 for its unfranked interim dividend of AUD 0.54 per share payable in October 2025.