PM Capital Global Opportunities Fund Limited (ASX:PGF) Announces Interim Dividend
Dividend Declaration
PM Capital Global Opportunities Fund Limited (ASX: PGF) announced a 5.5 cent fully franked interim dividend for the first half of Financial Year 2025. The Board reaffirmed its intention to deliver a minimum 11.0 cents fully franked dividend for the full Financial Year 2025.
Financial Performance
The Fund achieved a 6.0% portfolio return for the financial year ending 31 December 2024. As at 31 December 2024, PGF had retained earnings and profit reserves of approximately $333 million, sufficient to maintain the current dividend rate for 6.3 years. Based on a closing share price of $2.37 on 30 January 2025, the current dividend represents an annualised grossed-up yield of 6.6%.
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