ALS Limited Unveils AUD 0.197 Dividend with Global Currency Choices

Dividend Announcement Overview

ALS Limited (ASX: ALQ), a key player in industrial testing and inspection services, has declared an ordinary dividend of AUD 0.197 per share for the six months ending 31 March 2025. This dividend reflects the company’s ongoing commitment to returning value to shareholders amid a stable operating environment.

The dividend will be paid on 25 July 2025, with the ex-dividend date set for 3 July and the record date on 4 July. Shareholders registered by the record date will be eligible to receive the payment, which will be credited directly to their nominated bank accounts as a cash payment.

Franking and Tax Components

The dividend is 30% franked, meaning a portion of the payment carries a tax credit reflecting corporate tax already paid by ALS Limited. Specifically, AUD 0.0591 per share is franked, while the remaining AUD 0.1379 is unfranked but declared as conduit foreign income. This split indicates a balanced approach to tax efficiency for shareholders, particularly those in different jurisdictions.

Multi-Currency Payment Flexibility

In a move that underscores its global shareholder base, ALS Limited will offer dividend payments in multiple currencies beyond the Australian dollar. Shareholders can receive payments in US dollars, euros, British pounds, Hong Kong dollars, New Zealand dollars, and Singapore dollars, depending on their location and banking arrangements. This flexibility is designed to reduce currency conversion costs and enhance convenience for international investors.

Shareholders also have the option to choose a different currency from the default payment currency, provided their banks support foreign currency accounts. Exchange rates for these payments will be determined on the payment date, introducing some variability in the exact amount received in foreign currencies.

Dividend Reinvestment Plan Status

Notably, the company’s Dividend Reinvestment Plan (DRP) will not apply to this dividend distribution. This means shareholders will receive cash payments rather than having the option to reinvest dividends into additional shares. This decision may reflect current market conditions or strategic considerations by the board.

Looking Ahead

ALS Limited’s dividend announcement aligns with its steady financial performance and shareholder-friendly policies. As the payment date approaches, investors will be watching closely for any updates on currency exchange rates and potential changes to dividend policies in future periods.