Pengana’s international ethical LIC continues to deliver on mandate for quarterly fully-franked dividends

Pengana’s international ethical LIC continues to deliver on mandate for quarterly fully-franked dividends

The Board of the ASX’s largest international ethical LIC, Pengana International Equities Limited (ASX: PIA), has declared it’s latest quarterly, fully-franked dividend of 1.25 cents per share, to be paid on 29 April, 2021 to shareholders who are recorded on the Company’s register on a record date of 8 April, 2021.

This dividend announcement follows a similar quarterly dividend paid earlier this year, as a result of 2 major updates to the Company’s investment mandate over the course of 2020, to target fully franked dividends for shareholders, as well as pay these dividends on a quarterly basis.

At the time of issuing the Company’s new investment mandate, Chairman Frank Gooch said: “PIA’s corporate structure, ungeared balance sheet and investment strategy place PIA in a unique position to deliver a reliable stream of franked dividends and capital growth. We are keenly aware of the importance our shareholders place on stable, fully-franked dividends. The increased frequency of dividend payments will assist our shareholders to manage their cash flow needs in an environment where income is becoming harder to achieve.”

By order of the Board

 


 

For further information contact

Shareholder Enquiries:                                                          Other Enquiries:                    

Paula Ferrao, Pengana International Equities Limited           Pengana Client Service

paula.ferrao@pengana.com                                                  clientservice@pengana.com

+61 2 8524 9900                                                                     +61 2 8524 9900

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