Korvest Ltd Declares Fully Franked AUD 0.50 Dividend for September Payout

Dividend Announcement Overview

Korvest Ltd (ASX, KOV) has confirmed a dividend distribution totaling AUD 0.50 per ordinary fully paid share. This payout is split into an ordinary dividend of AUD 0.40 and a special dividend of AUD 0.10, both fully franked, reflecting the company’s commitment to returning value to shareholders with the benefit of franking credits.

Key Dates and Payment Details

The ex-dividend date is scheduled for 14 August 2025, with the record date following on 15 August 2025. Shareholders on record will receive the dividend payment on 5 September 2025. The dividend will be paid in Australian dollars, consistent with Korvest’s standard practice.

Dividend Structure and Franking

Both components of the dividend are fully franked at the corporate tax rate of 30%, meaning shareholders will benefit from tax credits that reduce the effective tax payable on these dividends. The ordinary dividend of AUD 0.40 per share and the special dividend of AUD 0.10 per share are designed to reward investors for the company’s recent performance and financial position.

Dividend Reinvestment Plan Status

Korvest maintains a Dividend Reinvestment Plan (DRP), but it will not be applicable for this particular dividend payment. This means shareholders will receive the dividend in cash rather than having the option to reinvest dividends into additional shares at this time.

Regulatory and Approval Notes

The announcement confirms that no external approvals, such as security holder or court approvals, are required before the dividend payment. This streamlines the process and provides certainty around the timing and execution of the dividend distribution.

Looking Ahead

While the dividend announcement is a positive signal of Korvest’s financial health, investors will be keen to monitor upcoming financial reports and market conditions to assess the sustainability of such payouts. The inclusion of a special dividend may also prompt questions about the company’s capital management strategy moving forward.