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
+61 2 8524 9900 +61 2 8524 9900