Investors Eye Future as 360 Capital Group Pays Steady Fully Franked Dividend

Dividend Announcement Overview

360 Capital Group (ASX: TGP) has confirmed the payment of an ordinary dividend of AUD 0.02 per fully paid ordinary security for the six-month period ending December 31, 2024. This dividend is fully franked, reflecting the company’s ability to distribute profits with attached franking credits at the prevailing corporate tax rate of 25%.

The payment date is scheduled for January 24, 2025, with the record date having been December 31, 2024, and the ex-dividend date on December 30, 2024. Importantly, no shareholder or regulatory approvals were required ahead of this payment, indicating a routine and expected distribution aligned with the company’s dividend policy.

Source and Structure of Distribution

The dividend payment is made exclusively from 360 Capital Group Limited, the listed entity, with no distribution being paid from the 360 Capital Investment Trust. This distinction clarifies the origin of the dividend and may be relevant for investors tracking income sources within the group’s structure.

Additionally, while 360 Capital Group maintains a Dividend Reinvestment Plan (DRP), this particular dividend is not eligible for participation in the DRP, meaning shareholders will receive cash payments rather than reinvested units.

Implications for Investors

The fully franked nature of the dividend enhances its attractiveness, especially for Australian investors who can benefit from the attached franking credits to offset their tax liabilities. The dividend amount of AUD 0.02 per security is consistent with prior distributions, signaling steady income generation from the group’s operations.

Investors should note that the FY25 annual tax statements related to this dividend will be dispatched in August 2025, providing necessary documentation for tax reporting purposes.

Looking Ahead

While this announcement confirms the dividend payment for the half-year period, it does not provide forward guidance on future dividends or broader financial performance. Market participants will be watching subsequent updates and the company’s full-year results for indications of ongoing income sustainability and growth prospects.