Northern Star Declares AUD 0.25 Dividend Ahead of March Payout

Northern Star’s Dividend Announcement

Northern Star Resources Ltd (ASX: NST), a prominent player in the gold mining sector, has declared an ordinary dividend of AUD 0.25 per share. This dividend relates to the six-month financial period ending December 31, 2024, and will be paid to shareholders on March 27, 2025.

The ex-dividend date is scheduled for March 5, 2025, with the record date following on March 6. Shareholders on the register as of the record date will be eligible to receive the dividend payment.

Dividend Characteristics and Tax Implications

Notably, the dividend is fully unfranked, meaning it carries no franking credits. This could have tax implications for investors depending on their individual tax circumstances, particularly for those who benefit from franking credits in Australia.

The company has confirmed that no external approvals were required for this dividend declaration, indicating a straightforward distribution process aligned with Northern Star’s financial performance.

Dividend Reinvestment Plan Details

Northern Star continues to offer a Dividend Reinvestment Plan (DRP) for this dividend. Shareholders who elect to participate can reinvest their dividends into new shares without any discount applied to the reinvestment price. The DRP election deadline is March 7, 2025, at 5:00 pm, with the reinvestment price calculated as the average volume weighted average price over five trading days following the record date.

The DRP shares will be newly issued and rank pari passu with existing shares from the date of issue, providing participants with full shareholder rights immediately.

Context and Market Implications

This dividend announcement reflects Northern Star’s ongoing commitment to returning value to shareholders amid a stable operational backdrop. While the unfranked nature of the dividend may temper appeal for some investors, the steady payout underscores confidence in the company’s cash flow generation and balance sheet strength.

Investors will be watching closely for any updates on operational performance or market conditions that could influence future dividend policies. The timing of the payment also positions Northern Star’s shares for potential trading activity around the ex-dividend date.