360 Capital Group Declares Fully Franked Dividend for January 2025
360 CAPITAL GROUP (TGP) Share Update December 2024 Monday 16th
360 Capital Group Announces New Dividend Distribution
360 Capital Group has announced a new dividend distribution, offering investors a fully franked dividend of AUD 0.02 per security, set to be paid on January 24, 2025.
Instant Summary:
- Dividend amount: AUD 0.02 per security.
- Fully franked dividend at 100%.
- Ex-date: December 30, 2024.
- Record date: December 31, 2024.
- Payment date: January 24, 2025.
Dividend Announcement Details
360 Capital Group has declared a new dividend distribution of AUD 0.02 per security, which is fully franked at 100%. This dividend relates to the financial period ending December 31, 2024, and will be paid on January 24, 2025. The ex-date for this dividend is December 30, 2024, and the record date is December 31, 2024.
This announcement follows the company's ongoing strategy to provide consistent returns to its investors. The dividend will be paid in Australian dollars, reflecting the company's commitment to delivering value to its shareholders.
Financial Context and Implications
The fully franked nature of the dividend means that shareholders can benefit from tax credits, effectively reducing their tax liabilities. The applicable corporate tax rate for the franking credit is 25%. This is a positive indicator for investors, as it suggests strong financial health and efficient tax management by the company.
360 Capital Group has not announced any distribution from the 360 Capital Investment Trust, focusing solely on the distribution from 360 Capital Group Limited.
The announcement of a fully franked dividend is likely to have a positive impact on 360 Capital Group's stock price. Investors often view such dividends as a sign of a company's robust financial health and its ability to generate cash flow. This could lead to increased investor confidence and potentially higher demand for the stock.
Investor Reaction:
Analysts are likely to react positively to the dividend announcement, as it indicates financial stability and shareholder value creation. The fully franked dividend is particularly attractive to investors seeking tax-efficient income.
Conclusion:
Investors should consider the benefits of the fully franked dividend and its implications for their investment strategy. Staying informed about 360 Capital Group's financial performance and future announcements will be crucial for making informed investment decisions.