VanEck Confirms Final Dividends for ETFs - September 2024
FLO (FLO) Share Update September 2024 Sunday 29th
VanEck Announces Final Dividends for Multiple ETFs
VanEck Investments Limited has announced the final dividends for its range of exchange traded funds (ETFs), confirming the amounts payable in October 2024.
Instant Summary:
- Final dividends confirmed for multiple VanEck ETFs.
- Payment date is set for 16 October 2024.
- Dividend reinvestment plan (DRP) is available.
Dividend Announcement Details
VanEck Investments Limited, a member of the VanEck group headquartered in New York, has confirmed the final dividends for several of its exchange traded funds (ETFs). The announcement follows an earlier update made on 24 September 2024. Investors in these funds can expect to receive their dividends on 16 October 2024.
The specific dividends per unit for each ETF are as follows:
- VanEck 1-5 Year Australian Government Bond ETF (1GOV): $0.1100
- VanEck 5-10 Year Australian Government Bond ETF (5GOV): $0.1100
- VanEck Morningstar Australian Moat Income ETF (DVDY): $0.2000
- VanEck Emerging Income Opportunities Active ETF (Managed Fund) (EBND): $0.0500
- VanEck Australian Floating Rate ETF (FLOT): $0.1050
- VanEck Bentham Global Capital Securities Active ETF (Managed Fund) (GCAP): $0.0450
- VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA): $0.1800
- VanEck Global Listed Private Credit (AUD Hedged) ETF (LEND): $0.1600
- VanEck Australian Corporate Bond Plus ETF (PLUS): $0.0550
- VanEck FTSE International Property (Hedged) ETF (REIT): $0.1800
- VanEck Australian Subordinated Debt ETF (SUBD): $0.1250
- VanEck 1-3 Month US Treasury Bond ETF (TBIL): $0.1900
- VanEck 10+ Year Australian Government Bond ETF (XGOV): $0.1550
Key Dates and Dividend Reinvestment Plan
The important dates for investors are as follows:
- Ex date: Tuesday, 1 October 2024
- Record date: Wednesday, 2 October 2024
- Payment date: Wednesday, 16 October 2024 (indicative)
The last day for buying units in the funds on ASX to be entitled to the dividend is by close of trading on Monday, 30 September 2024. Investors should ensure their bank account details are up-to-date with the Registrar before the record date.
A Dividend Reinvestment Plan (DRP) is in operation. The DRP price per fund unit will be announced around Tuesday, 1 October 2024, and will be based on the net asset value per fund unit calculated after close of trading on Monday, 30 September 2024, minus the actual dividend amount per fund unit. Additional details, including the withholding tax components of the dividend, will be announced around Tuesday, 8 October 2024.
The confirmation of dividends is generally positive news for investors, as it provides a clear return on investment. The availability of a Dividend Reinvestment Plan (DRP) offers investors an opportunity to reinvest their dividends, potentially enhancing their long-term returns. This announcement is likely to have a modest positive impact on the stock prices of the affected ETFs, as it reinforces investor confidence in the funds' performance and management.
Investor Reaction:
Analysts are likely to view this announcement positively, as it confirms the financial health and stability of the VanEck ETFs. The clear communication of dividend amounts and key dates helps maintain transparency and trust with investors. Some investors might prefer the DRP option to compound their returns, while others may appreciate the immediate income.
Conclusion:
Investors should take note of the key dates and ensure their bank account details are up-to-date to receive their dividends promptly. The Dividend Reinvestment Plan offers a valuable opportunity for those looking to reinvest their earnings. Overall, this announcement reinforces the attractiveness of VanEck's range of ETFs.