Latest Special Dividends News

The Fonterra Shareholders’ Fund reported a 38% FY26 total unit-holder return, supported by a $2.73 per-unit cash distribution after Fonterra’s Mainland divestment. Reported revenue fell 27% to NZ$287 million, reflecting the Fund’s passive structure and fair-value accounting rather than an operating loss.

Cadence Capital delivered a sharply stronger FY2026, with profit after tax rising to $33.4 million and its portfolio returning 20.1% against the All Ordinaries Accumulation Index. The listed investment company also moved decisively away from gold and resources, ending the year with $153.5 million in cash and a further 1.0 cent fully franked special dividend on the way.

Cadence Opportunities Fund has raised $5.7 million through a strongly supported share purchase plan and placement, increasing the company’s net tangible assets by 17%. The new shares will also qualify for upcoming fully franked dividends.

EVT delivered growth across hotels, cinemas and Thredbo in FY2026 while outlining an approximately $500 million non-core property divestment programme. The group is also reviewing its structure as it redirects capital towards asset-light hotel expansion and considers potential special dividends.

Fat Prophets Global Contrarian Fund lifted net tangible assets per share to $1.5713 and declared a 3.0 cent final dividend, even as annual profit fell to $5.183 million. The fund also raised $5.377 million through a rights issue while maintaining a concentrated portfolio with investments worth 103% of net assets.

Cadence Opportunities Fund Limited (ASX:CDO) delivered a record $5.66 million after-tax profit and a 30.3% fund return in FY2026. The listed investment company is entering the new year with elevated cash, reduced gold exposure and a discounted share purchase plan underway.

Australian United Investment Company’s profit surged after its merger with Diversified United Investment, but the headline result was dominated by a one-off acquisition gain. Underlying profit rose 19.9%, while AUI expanded its portfolio to about A$3.1 billion and declared fully franked dividends totalling 28 cents per share.

Lion Selection Group (ASX:LSX) increased its investment portfolio by 19% to A$108.2 million in FY2026, even as net profit fell 77% to A$8.9 million after an exceptional prior year. The resources investor enters the new year with A$36 million in cash and term deposits, but remains exposed to volatile junior mining valuations and unresolved litigation.

St Barbara will sell its remaining New Simberi interest and Tabar Islands exploration exposure to Lingbao for A$453 million in cash, while retaining royalties over future production. The deal could leave the gold developer with about A$880 million in cash, but completion still depends on regulatory and potentially shareholder approvals.

West African Resources delivered A$437 million in first-half net profit after tax as Sanbrado and Kiaka combined for their first full six months of production. The gold miner will return A$228.8 million to shareholders while accelerating debt repayments.

Red Hill Minerals has more than doubled FY2026 net profit to A$20.1 million as its Onslow Iron royalty delivered A$28.8 million in income. The ASX-listed miner declared a fully franked final dividend of 10.8 cents per share, taking FY2026 distributions to 22.4 cents per share.

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.