Midway Limited (ASX:MWY) Declares Dividend of AUD 0.3835
Dividend Declaration
Midway Limited (ASX:MWY) has announced a dividend distribution of AUD 0.3835 per ordinary fully paid share. This dividend is part of the company’s ongoing commitment to returning value to its shareholders.
Key Dates
The ex-dividend date for this distribution is set for 6 February 2025, with a record date of 7 February 2025. Shareholders can expect payment on 18 February 2025.
Approval Details
The dividend is contingent upon the approval of a Scheme of Arrangement for the acquisition of Midway Limited by RCM BidCo Pty Ltd. Securityholder approval will be determined on 30 January 2025, followed by the court approval on 4 February 2025.
Franking Credits
The declared dividend includes a franking credit of 78.4615%, equating to AUD 0.3009 per share. The remaining portion, AUD 0.0826, is unfranked.
CEO Comments
The company’s management emphasised their commitment to enhancing shareholder value through consistent dividend payments, contingent on the successful completion of necessary approvals.
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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.