Atlas Arteria - New Dividend Distribution Announcement - 19 September 2024
ALX (ALX) Share Update September 2024 Wednesday 18th
Atlas Arteria Announces New Dividend Distribution
Atlas Arteria (ASX: ALX) has announced a new dividend distribution of AUD 0.20 per security, set to be paid on 7 October 2024.
Instant Summary:
- Dividend amount: AUD 0.20 per security.
- Ex Date: 24 September 2024.
- Record Date: 25 September 2024.
- Payment Date: 7 October 2024.
- Distribution comprises AUD 0.18 from Atlas Arteria International Limited and AUD 0.02 from Atlas Arteria Limited.
Dividend Details
Atlas Arteria has declared a new dividend distribution of AUD 0.20 per security. This dividend relates to the financial reporting period ending on 30 June 2024. The ex-dividend date is set for 24 September 2024, and the record date is 25 September 2024. Investors can expect the payment to be made on 7 October 2024.
The distribution is split into two components: AUD 0.18 from Atlas Arteria International Limited and AUD 0.02 from Atlas Arteria Limited. The AUD 0.02 distribution from Atlas Arteria Limited is classified as conduit foreign income.
Tax Information
The dividend is entirely unfranked, with 100% of the amount being unfranked. Investors looking for detailed tax component information can visit the Atlas Arteria investor center at https://www.atlasarteria.com/investor-centre.
Additional Information
Atlas Arteria has provided further information regarding the distribution, noting that the total dividend amount per security is AUD 0.20, with AUD 0.18 being a foreign dividend and AUD 0.02 being conduit foreign income. This detailed breakdown helps investors understand the source of their dividend payments.
The announcement of a new dividend distribution is generally positive news for investors, as it indicates the company's profitability and willingness to share profits with shareholders. However, the fact that the dividend is unfranked may affect the attractiveness of the payout for some investors, particularly those in higher tax brackets.
Investor Reaction:
Analysts are likely to view this announcement positively, as it demonstrates Atlas Arteria's commitment to returning value to shareholders. The unfranked nature of the dividend may lead to mixed reactions, but overall, the distribution is expected to be well-received.
Conclusion:
Investors should mark their calendars for the key dates associated with this dividend distribution and consider the potential tax implications. Atlas Arteria's ongoing performance and future dividend announcements will be crucial for maintaining investor confidence.