Sandon Capital Investments Limited (ASX:SNC) Announces Fully Franked June Quarter Dividend
Dividend Announcement
Sandon Capital Investments Limited (ASX:SNC) announced a fully franked third quarter dividend of 1.4 cents per share, payable on 6 June 2025. This represents an annualised dividend yield of 7.2% (9.6% including franking). The Dividend Reinvestment Plan (DRP) will be available with no discount.
Financial Performance
For the financial year ending 31 March 2025, SNC achieved gross portfolio returns of 17.8%, significantly outperforming the Small Ordinaries Index (3.3%) and the All Ordinaries Index (3.4%). These figures are after management fees but before performance fees, corporate expenses, interest and taxes.
Dividend Timetable
The indicative dividend timetable is set with the ex date on 20 May 2025, record date on 21 May 2025, DRP Election Date on 22 May 2025, and payment date on 6 June 2025.
Dividend Capacity
As of 31 March 2025, SNC has profit reserves of 37.5 cents per share and a franking balance of 8.0 cents per share. This capacity allows the company to pay up to 24.0 cents per share in fully franked dividends, equivalent to over four years of dividends at the current rate.
Motley Fool contributor Kiarra Jackson 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.
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