SUPPLY NETWORK LIMITED (ASX:SNL) Announces Dividend Payment
Dividend Announcement
SUPPLY NETWORK LIMITED (ASX:SNL) has declared a dividend of AUD 0.32 per ordinary fully paid share. This dividend pertains to the financial reporting period ending on 31 December 2024. The record date for this distribution is set for 21 March 2025, with the ex-date being the day prior, 20 March 2025, and payment scheduled for 4 April 2025.
Dividend Reinvestment Plan
The company has implemented a Dividend Reinvestment Plan (DRP) allowing shareholders to reinvest their dividends. The DRP election must be made by 26 March 2025 at 17:00, and shares issued under this plan will be at a discount of 2.5% to the volume weighted average market price during the post ex-dividend period.
Franking Details
The dividend will be fully franked at a corporate tax rate of 30%. Therefore, the total amount per security is AUD 0.32, with no portion being unfranked.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Supply Network. The Motley Fool Australia has recommended Supply Network. 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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