SPDR S&P/ASX 200 Listed Property Fund Announces Quarterly Dividend for Q3 2024
SPDR S&P/ASX 200 LISTED PROPERTY FUND (SLF) Share Update September 2024 Monday 23rd
SPDR S&P/ASX 200 Listed Property Fund Announces Quarterly Dividend
The SPDR S&P/ASX 200 Listed Property Fund (ASX: SLF) has announced a quarterly dividend for the third quarter of 2024, offering investors a return on their investments.
Instant Summary:
- Quarterly dividend of AUD 0.077105 per share.
- Ex-date set for 27 September 2024.
- Record date is 30 September 2024.
- Payment date scheduled for 29 November 2024.
- Primary market for application or redemption will be closed on 27 September 2024 and reopened on 30 September 2024.
Dividend Announcement Details
The SPDR S&P/ASX 200 Listed Property Fund has declared a quarterly dividend of AUD 0.077105 per share for the third quarter of 2024. This announcement comes as part of the fund's regular distributions to its shareholders.
The ex-date for this dividend is set for 27 September 2024, meaning that investors must own shares before this date to be eligible for the dividend. The record date, which is the date on which the company reviews its records to determine the shareholders eligible for the dividend, is 30 September 2024.
Payment and Market Details
Shareholders can expect to receive their dividend payments on 29 November 2024. Additionally, the primary market for application or redemption of shares will be temporarily closed on 27 September 2024 and will reopen on 30 September 2024. This brief closure is a standard procedure to ensure the accurate processing of the dividend distribution.
Tax and Additional Information
The dividend is unfranked, meaning it does not come with a tax credit. The fund has indicated that additional information regarding the tax components of the dividend will be provided in a separate announcement on 27 September 2024.
This dividend announcement is likely to be well-received by investors, as it provides a predictable return on investment. However, the fact that the dividend is unfranked may slightly dampen enthusiasm, as it means investors will not receive tax credits. Overall, the impact on the stock price is expected to be positive but moderate.
Investor Reaction:
Analysts are likely to view this announcement positively, as it demonstrates the fund's ongoing commitment to returning value to shareholders. The predictable nature of the dividend payments can provide a sense of stability and confidence among investors.
Conclusion:
Investors should take note of the key dates associated with this dividend announcement and ensure they hold shares before the ex-date to be eligible for the payment. The SPDR S&P/ASX 200 Listed Property Fund continues to offer regular returns, making it an attractive option for income-focused investors.