Switzer Dividend Growth Fund Monthly Distribution Announcement - August 2024
SWITZER DIVIDEND GROWTH FUND (MANAGED FUND) (SWT) Share Update August 2024 Tuesday 27th
Switzer Dividend Growth Fund Announces Monthly Distribution
AGP Investment Management Limited has announced that the Switzer Dividend Growth Fund (Quoted Managed Fund) will pay a distribution of $0.009 per unit for the month ending 31 August 2024. This distribution is estimated to be 100% franked.
Instant Summary:
- Distribution of $0.009 per unit for August 2024.
- Estimated to be 100% franked.
- Distribution Ex Date: 2 September 2024.
- Record Date: 3 September 2024.
- Payment Date: 20 September 2024.
- DRP in operation for this distribution.
Distribution Details
AGP Investment Management Limited, the responsible entity for the Switzer Dividend Growth Fund (Quoted Managed Fund), has announced a distribution of $0.009 per unit for the month ending 31 August 2024. The distribution is estimated to be fully franked, providing investors with tax-effective income.
The key dates for this distribution are as follows:
- Final Distribution Announcement Date: 28 August 2024
- Distribution Ex Date: 2 September 2024
- Record Date: 3 September 2024
- DRP Pricing Date: 3 September 2024
- DRP Election Date: 4 September 2024
- Payment Date: 20 September 2024
- DRP Units Issue Date: 20 September 2024
About the Fund
The Switzer Dividend Growth Fund (Quoted Managed Fund) aims to provide investors with tax-effective income and long-term capital growth by investing in a core portfolio of blue-chip Australian shares. The fund is managed to deliver capital growth while providing an attractive income stream paid monthly, which is franked to the maximum possible extent.
The fund is designed to be a simple, low-cost vehicle that offers investors access to some of Australia's most experienced investment professionals. With a focus on blue-chip shares, the fund aims to balance income generation with capital appreciation, making it an attractive option for long-term investors.
This announcement is likely to be well-received by investors, as the fully franked distribution provides tax-effective income. The regular monthly distributions offer a predictable income stream, which can be particularly appealing in uncertain market conditions.
Investor Reaction:
Analysts are expected to react positively to this announcement, given the fund's consistent performance and the attractiveness of fully franked dividends. The predictable income stream and the fund's focus on blue-chip shares are likely to bolster investor confidence.
Conclusion:
Investors should take note of the key dates associated with this distribution and consider the benefits of the Distribution Reinvestment Plan (DRP). The Switzer Dividend Growth Fund continues to offer a compelling combination of income and growth, making it a valuable addition to any investment portfolio.