Aspen Group Announces FY26 Franked Dividend
Key points
- Aspen Group declares a final distribution of 5.5 cents per security for FY26
- Total distributions for FY26 amount to 11.0 cents per security
- Aspen Group Limited is now in a tax-paying position due to increased profitability
Full summary
Aspen Group (ASX: APZ) announced a final distribution of 5.5 cents per security for the financial year 2026, bringing the total distributions for the full year to 11.0 cents per security. This is in line with the company's guidance and represents a 10% increase from the previous financial year. The declared distribution includes 2.0 cents per share fully franked from Aspen Group Limited (AGL), which is now in a tax-paying position due to a strong increase in profitability in FY26. The ex-distribution date is Monday, 29 June 2026, with a record date of Tuesday, 30 June 2023, and the payment date is on or about Friday, 28 August 2026. The Distribution Reinvestment Plan is suspended.
Guidance
Total distributions for FY26 are 11.0 cents per security.
Outlook
Aspen Group expects to continue its profitability growth and maintain its distribution policy.
Summary generated by a large language model. Please interpret with care.