FORWARD ANNUAL DIVIDEND GUIDANCE INCREASED TO 12.5 CENTS FULLY FRANKED
• 6.0 cent fully franked final dividend for second half Financial Year 2025, which is an increase on previous guidance of 5.5 cents;
• Intention to deliver a minimum dividend of 12.5 cents fully franked in FY’26 – and maintain this rate going forward for the medium-term; and
• FY’26 dividend outlook of 12.5 cents is an increase on previous forward guidance of 11.0 cents fully franked and represents an annual dividend yield, grossed up for franking credits, of 6.52%
.
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As at 30 June 2025, PGF had a combination of retained earnings and profit reserves equal to $435 million, sufficient to maintain the minimum intended dividend rate for 7.3 years based on the current Shares on issue
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Our ability to maintain paying this dividend remains healthy for the medium-term. This guidance has been made possible by the investment performance delivered for the Financial Year to 30 June 2025 by PM Capital (PGF’s Investment Manager) having generated portfolio returns of 24.9%
. This compares to the MSCI World Index4 return over the same period of 18.5%, and the S&P/ASX 200 Accumulation
Index return of 13.8%
