Plato Income Maximiser Limited (ASX:PL8) Announces Monthly Dividends
Dividend Declaration
Plato Income Maximiser Limited (ASX: PL8) has announced its decision to pay three fully-franked dividends of $0.0055 per share for the March 2025 quarter, mirroring the dividends from the December 2024 quarter. The dividends are scheduled for January, February, and March 2025.
Executive Insight
Dr Don Hamson, Managing Director of Plato Investment Management Limited, stated, “Markets have rallied to all-time highs on expectations that the next moves in interest rates will be down…PL8’s underlying portfolio is well diversified and very liquid.” He emphasized the company’s strategy to provide regular dividend distributions despite the uncertain economic landscape.
Franking Account and Future Outlook
As of 31 December 2024, the company’s franking account held $12.0 million, translating to $0.037 per share in fully-franked dividends at a corporate tax rate of 30%. The Board intends to re-evaluate economic conditions in three months for the June 2025 quarter dividends.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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