Dicker Data Limited Announces Quarterly Dividend Distribution
DICKER DATA LIMITED (DDR) Share Update August 2024 Sunday 11th
Dicker Data Announces Quarterly Dividend Distribution
Dicker Data Limited (ASX: DDR) has announced a new quarterly dividend distribution, providing shareholders with a dividend of AUD 0.11 per share, fully franked.
Instant Summary:
- Quarterly dividend of AUD 0.11 per share.
- Dividend is fully franked at a 30% corporate tax rate.
- Ex-dividend date: 15 August 2024.
- Record date: 16 August 2024.
- Payment date: 2 September 2024.
- Dividend Reinvestment Plan (DRP) is available.
Dividend Announcement Details
Dicker Data Limited has declared a new quarterly dividend of AUD 0.11 per share, which will be fully franked at a corporate tax rate of 30%. This dividend relates to the financial period ending 30 June 2024.
The key dates for this dividend distribution are as follows: the ex-dividend date is 15 August 2024, the record date is 16 August 2024, and the payment date is set for 2 September 2024. Shareholders who are on the register by the record date will be eligible to receive this dividend.
Dividend Reinvestment Plan (DRP)
Dicker Data has a Dividend Reinvestment Plan (DRP) in place, which allows shareholders to reinvest their dividends into additional shares of the company. The DRP election date is Monday, 19 August 2024, by 5:00 PM. The price of shares issued under the DRP will be calculated based on the arithmetic average of the daily volume-weighted average market price of all shares sold through normal trades on the ASX during the 10 business days up to the record date.
Franking and Tax Information
The announced dividend is fully franked, meaning that shareholders will receive a franking credit of 30% on the dividend amount. This franking credit can be used to offset tax liabilities, making the dividend more attractive to investors, particularly those in higher tax brackets.
The announcement of a fully franked quarterly dividend is likely to be well-received by investors, as it provides a steady income stream and tax benefits. The fully franked nature of the dividend also indicates the company's strong financial health and profitability. This could positively impact the stock price as investors seek stable and reliable dividend-paying stocks.
Investor Reaction:
Analysts are likely to view this announcement positively, as it reflects Dicker Data's ongoing commitment to returning value to shareholders. The fully franked dividend and the availability of the Dividend Reinvestment Plan (DRP) are additional incentives for investors to hold or increase their positions in the company.
Conclusion:
Investors should take note of the key dates and consider the benefits of the Dividend Reinvestment Plan. Dicker Data's consistent dividend payments and strong financial performance make it an attractive option for income-focused investors. Stay tuned for further updates and consider the potential long-term benefits of holding Dicker Data shares.