Katana Capital Limited Declares Q4 2024 Dividend
KAT (KAT) Share Update January 2025 Thursday 2nd
Katana Capital Announces Fully Franked Dividend for Q4 2024
Katana Capital Limited (ASX: KAT) has announced a fully franked dividend of 0.5 cents per share for the quarter ending December 31, 2024.
Instant Summary:
- Dividend amount: AUD 0.005 per share.
- Ex-dividend date: January 8, 2025.
- Record date: January 9, 2025.
- Payment date: January 31, 2025.
- 100% fully franked dividend.
- Dividend Reinvestment Plan (DRP) available.
Dividend Announcement Details
Katana Capital Limited has declared a fully franked dividend of 0.5 cents per share for the fourth quarter of 2024. This announcement was made on January 2, 2025, and reflects the company's ongoing commitment to returning value to its shareholders.
The ex-dividend date is set for January 8, 2025, meaning investors must own shares before this date to be eligible for the dividend. The record date, when the company will determine which shareholders are entitled to receive the dividend, is January 9, 2025. The payment will be made on January 31, 2025.
Dividend Reinvestment Plan
Katana Capital offers a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into additional shares of the company. The last date to elect participation in the DRP is January 10, 2025, by 4:00 PM. The DRP price will be calculated based on the weighted average share price during the on-market DRP buyback programme from January 9 to January 24, 2025.
The dividend is fully franked, providing shareholders with the full benefit of the franking credits, which can be used to offset personal tax liabilities. This makes the dividend particularly attractive to Australian investors.
The announcement of a fully franked dividend is likely to be positively received by investors, as it reflects the company's profitability and commitment to shareholder returns. The availability of the DRP provides an opportunity for shareholders to increase their holdings without incurring brokerage fees. This could lead to increased investor interest and potentially support the stock price in the short term.
Investor Reaction:
Analysts are expected to view the dividend announcement favorably, given the fully franked nature and the opportunity for reinvestment through the DRP. The stability of dividend payments may bolster investor confidence in Katana Capital's financial health.
Conclusion:
Investors should consider the benefits of the fully franked dividend and the DRP as part of their investment strategy. Monitoring Katana Capital's performance and future dividend announcements will be crucial for making informed investment decisions.