25 November 2020

ASX: PIA - Pengana’s International Ethical LIC declares its first quarterly fully-franked dividend against market backdrop of falling dividends

The Board of the ASX’s largest international ethical LIC, Pengana International Equities Limited (ASX: PIA), today declared a quarterly, fully-franked dividend of 1.25 cents per share, to be paid on 22 January 2021 to shareholders who are recorded on the Company’s register on a record date of 7 January, 2021.

This dividend announcement follows 2 major updates to the Company’s investment mandate over the course of 2020, to target fully franked dividends for shareholders, as well as pay these dividends on a quarterly basis.

“PIA’s corporate structure ungeared balance sheet and investment strategy place PIA in a unique position to deliver a reliable stream of franked dividends and capital growth,” Chairman Frank Gooch said.

“We are keenly aware of the importance our shareholders place on stable, fully-franked dividends. The increased frequency of dividend payments will assist our shareholders to manage their cash flow needs in an environment where income is becoming harder to achieve.”

By order of the Board

 

For further information contact

Shareholder Enquiries:                                                          Other Enquiries:                    

Paula Ferrao, Pengana International Equities Limited           Pengana Client Service

paula.ferrao@pengana.com                                                clientservice@pengana.com

+61 2 8524 9900                                                                    +61 2 8524 9900