Kip McGrath Education Centres Proposes Dividends
Key points
- Proposed dividends total 6.0 cents per Share
- Includes 1.0 cent ordinary dividend and 5.0 cents special dividends
- Subject to shareholder approval and constitution adoption
Full summary
Kip McGrath Education Centres Limited (ASX:KME) announced that the Board proposes to return a total of 6.0 cents per Share to shareholders through three fully franked dividends: 1.0 cent ordinary dividend, 3.0 cents special dividend, and 2.0 cents further special dividend, contingent on shareholder approval and adoption of a new constitution. The proposed dividends follow a review of the company's capital position and management programme, and take into account shareholder feedback and available franking credits.
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