Garda Property Group Quarterly Dividend Announcement - 10 September 2024
GDF (GDF) Share Update September 2024 Monday 9th
Garda Property Group Announces Quarterly Dividend Distribution
Garda Property Group (ASX: GDF) has announced a quarterly dividend distribution, providing investors with an update on their returns for the quarter ending 30 September 2024.
Instant Summary:
- Quarterly dividend of AUD 0.018 per security.
- Ex-dividend date: 26 September 2024.
- Record date: 27 September 2024.
- Payment date: 15 October 2024.
- Special dividend of AUD 0.00225 per security, fully franked at 25% corporate tax rate.
Dividend Details
Garda Property Group has declared a quarterly dividend of AUD 0.018 per security for the quarter ending 30 September 2024. This announcement is part of the company's ongoing commitment to providing consistent returns to its investors.
The ex-dividend date is set for 26 September 2024, meaning that investors must own the security before this date to be eligible for the dividend. The record date, which determines the shareholders entitled to receive the dividend, is 27 September 2024. The payment date, when the dividend will be distributed to shareholders, is scheduled for 15 October 2024.
Special Dividend
In addition to the regular quarterly dividend, Garda Property Group has also announced a special dividend of AUD 0.00225 per security. This special dividend is fully franked at a corporate tax rate of 25%, providing additional value to shareholders. The special dividend is part of a series of payments resulting from a capital outcome achieved in FY24, as announced in the company's FY24 Annual Results Presentation.
Financial Context
The quarterly dividend relates to the financial reporting period ending 30 September 2024. Garda Property Group continues to demonstrate strong financial performance, with this dividend reflecting the company's stable income generation and commitment to shareholder returns.
The announcement of both a regular and special dividend is likely to have a positive impact on Garda Property Group's stock price. The fully franked special dividend, in particular, adds significant value for shareholders, potentially increasing investor confidence and attracting new investments.
Investor Reaction:
Analysts are expected to react positively to the announcement, noting the company's strong financial health and commitment to shareholder returns. The fully franked special dividend is seen as a strategic move to reward investors and maintain confidence in the company's long-term prospects.
Conclusion:
Investors should take note of the upcoming key dates related to the dividend distribution and consider the potential benefits of the fully franked special dividend. Garda Property Group's continued focus on providing consistent returns makes it a noteworthy option for income-focused investors.