14 Jan

Fully Franked Half Year Dividend

1 4 th Jan uary 202 2 Fully Franked Half Year Dividend Th e Board has declared a 7.5 cents fully franked half year dividend, an annualised increase of 25 % on last year ’ s ord inary div id end s , reflecting the st rong performance of the company over the current year . This interim dividend equates to a 5.1 % annualised fully frank ed yield or a 7. 3 % gross yield (grossed up for franking credits) based on the current share price of $ 2.94 per sh are . CDO currently has a healthy p rofits r eser v es b alance from which it can pay future dividends of around 6 0 cents per share ( i.e. based o ff this i nterim dividend this equat es to around 4 ye ars of div idends before ear ning an y fu ture profits ) The Divi dend Re - Inv estment Plan (“DRP”) is in operation for the interim dividend . The issue price will be at a 5 % discount to the weighted average of the prev ailing share price ov er the relevant DRP pricing period. The Ex - Date for the dividend is the 31st March 2022. T he p ayment date for the dividend is the 14th April 2022. Karl Siegli ng Chairman Cadenc e Opportunities Fund Limited C adence Opportunities Fund Ltd A B N 37 627 359 166 Lev e l 11 , 131 Macquarie Street, Sydney NS W 200 0 Australia Telephone +612 8298 24 50 , Facsimile +612 829 8 2499 We b: w ww.ca denc e capita l.co m.au E mail: i nfo@ cadence c apit al.com .au
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2022 Listcorp. ABN 60 166 140 307

Never miss news from Cadence Opportunities Fund Limited (ASX:CDO) when you join Listcorp.