Dicker Data Limited Declares Quarterly Dividend of AUD 0.11
DDR (DDR) Share Update November 2024 Monday 11th
Dicker Data Limited Announces Quarterly Dividend Distribution
Dicker Data Limited (ASX: DDR) has announced a new quarterly dividend distribution, offering shareholders a fully franked dividend of AUD 0.11 per share, reflecting the company's continued commitment to returning value to its investors.
Instant Summary:
- Dividend amount: AUD 0.11 per share, fully franked.
- Ex-dividend date: 14 November 2024.
- Record date: 15 November 2024.
- Payment date: 2 December 2024.
- Dividend Reinvestment Plan (DRP) available with full participation.
Dividend Announcement Details
Dicker Data Limited has declared a dividend of AUD 0.11 per share for the quarter ending 30 September 2024. This dividend is fully franked, which means shareholders will receive the full benefit of the dividend without additional tax liabilities.
The ex-dividend date is set for 14 November 2024, meaning that investors must own shares before this date to be eligible for the dividend. The record date, which is the date by which shareholders must be on the company's books to receive the dividend, is 15 November 2024. The payment date, when the dividend will be distributed to shareholders, is scheduled for 2 December 2024.
Dividend Reinvestment Plan
Dicker Data offers a Dividend Reinvestment Plan (DRP) for this distribution, allowing shareholders to reinvest their dividends into additional shares of the company. The DRP is fully applicable to this dividend, and shareholders have until 18 November 2024 to lodge their election notices with the share registry if they wish to participate.
The DRP price 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 leading up to the record date.
This announcement is likely to have a positive impact on Dicker Data's stock price, as it demonstrates the company's strong financial position and its ability to return value to shareholders. The fully franked nature of the dividend is particularly appealing to investors seeking tax-efficient income.
Investor Reaction:
Analysts are expected to view this announcement favorably, as it underscores Dicker Data's consistent performance and shareholder-friendly policies. The availability of the DRP offers an attractive option for investors looking to compound their investment in the company.
Conclusion:
Investors should consider the benefits of participating in the DRP and evaluate how this dividend fits into their overall investment strategy. Dicker Data's ongoing commitment to dividends is a positive signal for long-term shareholders.