PIA announces 11th consecutive fully-franked quarterly dividend
Pengana International Equities Limited (ASX:PIA) is once again pleased to announce its next dividend for shareholders, and the final dividend for the 2023 financial year.
The fully franked dividend of 1.35 cents per share will be paid on 15 September 2023 to shareholders on the register on 1 August 2023.
The June 2023 dividend will be the 11th dividend paid since the introduction of quarterly dividends in January 2021.
In January 2021, the PIA board announced the addition of a quarterly dividend target to the Company’s mandate. Since that time, 10 quarterly dividends have been paid, delivering fully franked dividends from a unique base of quality growth investments to Australian investors.
Over the last few months, PIA has published a number of pieces highlighting the underlying investment risks facing Australian dividend investors, who rely on a concentrated pool of Australian businesses to deliver franked dividends from their portfolios for their income.
PIA’s unique positioning as a dividend-focussed global and ethically screened listed investment company (LIC) delivers an ever-increasing tailwind for the Company to play an important role in the portfolios of Australian income investors over the coming periods.
PIA currently expects to announce its annual results to the ASX on 21 August 2023.
