Russell Investments Australian Responsible Investment ETF Dividend Announcement
RAR (RAR) Share Update December 2024 Monday 23rd
Russell Investments Announces Dividend for Responsible Investment ETF
Russell Investments has announced a new dividend for its Australian Responsible Investment ETF (ASX: RARI), providing investors with a distribution of AUD 0.4835 per share.
Instant Summary:
- Dividend amount set at AUD 0.4835 per share.
- Ex-dividend date is December 31, 2024.
- Record date is January 2, 2025.
- Payment date scheduled for January 16, 2025.
- Dividend Reinvestment Plan (DRP) is available.
Dividend Details
Russell Investments has announced a dividend distribution for its Australian Responsible Investment ETF (ASX: RARI). The dividend is set at AUD 0.4835 per share and will be paid to shareholders who are on the record by January 2, 2025. This distribution covers a six-month period ending December 31, 2024.
The ex-dividend date is December 31, 2024, meaning that investors must purchase shares before this date to be eligible for the dividend. The payment will be made on January 16, 2025, providing investors with a timely return on their investment.
Dividend Reinvestment Plan
For those interested in reinvesting their dividends, Russell Investments offers a Dividend Reinvestment Plan (DRP). The DRP allows shareholders to reinvest their dividends into additional shares of the ETF, potentially compounding their returns over time. Shareholders must elect to participate in the DRP by January 2, 2025, at 5:00 PM.
Tax and Franking Information
The dividend is unfranked, meaning it does not carry any franking credits. Investors should consider the tax implications of receiving unfranked dividends, as these may differ from franked dividends in terms of tax treatment.
The announcement of a dividend is generally positive news for investors, as it provides a direct return on investment. The availability of a DRP is also beneficial for long-term investors looking to reinvest dividends. However, the lack of franking credits may affect the attractiveness of the dividend for some investors, particularly those in higher tax brackets.
Investor Reaction:
Analysts are likely to view the dividend announcement favorably, as it reflects the ETF's ability to generate income for its investors. The DRP option is also a positive feature, encouraging reinvestment and growth. However, some investors may be concerned about the lack of franking credits.
Conclusion:
Investors in the Russell Investments Australian Responsible Investment ETF should consider the benefits of the announced dividend and the DRP option. Those interested in maximizing their returns may want to participate in the DRP, while others should assess the tax implications of the unfranked dividend.