VGI Partners Global Investments Limited (ASX:VG1) Updates Dividend Policy
Dividend Policy Update
The Board of VGI Partners Global Investments Limited (ASX:VG1) has updated the company’s dividend policy to target at least 6 cents per share on a semi-annual basis, an increase from the previous 5 cents. The new policy offers a 6.4% annualised dividend yield based on the current share price, or 9.1% if dividends are fully franked.
Financial Position
The update is supported by a strong profits reserve balance of $261.2 million as of 31 December 2024, equating to 96.8 cents per share after the new dividend payment. This provides over 8 years of coverage at the new rate of 12 cents per share annually. Including the 1H25 dividend of 6 cents, the Company has delivered 44 cents per share of dividends since 2020.
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