Scentre Group Announces Dividend Distribution for Half-Year Ended June 2024
SCENTRE GROUP (SCG) Share Update August 2024 Sunday 11th
Scentre Group Announces Dividend Distribution for Half-Year Ended June 2024
Scentre Group (ASX: SCG) has announced a dividend distribution of AUD 0.086 per fully paid ordinary/unit stapled security for the half-year ended 30 June 2024. The announcement includes key dates and additional information for investors.
Instant Summary:
- Dividend amount: AUD 0.086 per security
- Ex Date: 15 August 2024
- Record Date: 16 August 2024
- Payment Date: 30 August 2024
- DRP election date: 21 August 2024
- Results for the half-year ended 30 June 2024 to be announced on 21 August 2024
Dividend Details
Scentre Group has declared a dividend of AUD 0.086 per fully paid ordinary/unit stapled security for the half-year ended 30 June 2024. This dividend is unfranked and will be paid in Australian Dollars (AUD).
The ex-dividend date is set for 15 August 2024, and the record date is 16 August 2024. Investors who hold Scentre Group securities on the record date will be eligible to receive the dividend.
Dividend Reinvestment Plan (DRP)
The Dividend Reinvestment Plan (DRP) is available for this dividend. Eligible securityholders who wish to participate in the DRP must submit their election by 5:00 PM on 21 August 2024. The DRP price will be calculated based on the arithmetic average of the daily volume-weighted average market price of all Scentre Group stapled securities sold through normal trades over five ASX trading days from 19 August 2024 to 23 August 2024.
The DRP issue price will be announced on 26 August 2024, and the DRP securities will be issued on 30 August 2024.
Currency Options
While the primary currency for the dividend payment is AUD, securityholders residing in New Zealand can opt to receive their dividend in New Zealand Dollars (NZD). To do so, they must submit a valid request to the Scentre Group Share Registry in Australia by the close of business on the record date.
Upcoming Half-Year Results
Scentre Group will announce its results for the half-year ended 30 June 2024 on 21 August 2024. This announcement will include the Appendix 4D, providing detailed financial information and performance metrics for the period.
The announcement of a steady dividend distribution is likely to be viewed positively by investors, as it reflects Scentre Group's stable financial performance and commitment to returning value to shareholders. The unfranked nature of the dividend may have tax implications for some investors, but the availability of the DRP offers an opportunity for reinvestment and potential capital growth.
The upcoming half-year results announcement will provide further insights into the company's financial health and future prospects, which could influence investor sentiment and stock price movement.
Investor Reaction:
Analysts are expected to react positively to the dividend announcement, given the consistency in Scentre Group's dividend payments. The market will be closely watching the half-year results for any signs of growth or challenges that could impact future performance. The DRP option is likely to be well-received by long-term investors looking to increase their holdings.
Conclusion:
Investors should mark their calendars for the key dates related to the dividend distribution and consider participating in the DRP if they are eligible. The upcoming half-year results announcement on 21 August 2024 will be a critical event to monitor for additional insights into Scentre Group's financial performance and strategic direction.