Mayfield Group Holdings Limited (ASX:MYG) Declares Special Dividend
Dividend Announcements
Mayfield Group Holdings Limited has declared a special dividend of $5 million, reflecting the company’s robust financial performance. The Board has approved a fully franked special dividend of 5.3 cents per share due to a substantial cash surplus exceeding operational requirements. As of 31 December 2024, Mayfield’s unaudited cash reserves totalled $11.4 million, underpinning the decision.
Management Insights
Managing Director Andrew Rowe stated, “Our strong operational results, robust cash flow generation, and healthy balance sheet have allowed us to return additional value to our shareholders. This special dividend underscores our commitment to sharing the benefit of our growth while maintaining the flexibility to reinvest in our long-term strategic initiatives.” The Board has also declared an interim dividend of 1 cent per share, totalling $943,310, and expects to continue paying fully franked dividends semi-annually in the future.
Key Dates
The special dividend announcement was made on 28 January 2025, with an ex-dividend date set for 31 January 2025, and a record date of 3 February 2025. The payment date for both dividends is scheduled for 14 February 2025.
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