REA Group Ltd Announces Dividend Distribution for FY2024

Highlights

• REA Group Ltd has declared a fully franked dividend of AU$1.02 per ordinary fully paid share. This means that the entire dividend amount is tax-paid at the company level, providing potential tax benefits to shareholders.
• The dividend distribution schedule includes the ex-date of August 29, 2024, the record date of August 30, 2024, and the payment date of September 13, 2024. To be eligible for the dividend, shareholders must hold their shares by the record date. This ensures that anyone purchasing shares on or after the ex-date will not receive the dividend.
• The dividend distribution does not require approvals from external entities such as the Foreign Investment Review Board (FIRB) or the Australian Competition and Consumer Commission (ACCC), ensuring a seamless payment process for shareholders.

REA Group Ltd (ASX: REA) has announced a fully franked dividend of AU$1.02 per share for the half-year period ending June 30, 2024. The dividend will be paid on September 13, 2024, with an ex-date of August 29, 2024, and a record date of August 30, 2024. This announcement underscores the company's strong financial performance and commitment to returning value to shareholders.

Dividend Payment Details

REA Group Ltd (ASX: REA) has declared a new dividend distribution of AU$1.02 per ordinary fully paid share. This announcement was made on August 9, 2024, and pertains to the financial results for the half-year period ending June 30, 2024.

Key Dates

• Ex-Date: August 29, 2024
• Record Date: August 30, 2024
• Payment Date: September 13, 2024

Investors must hold shares before the ex-date to be eligible for the dividend. The dividend payment will be made to those on the company's register as of the record date.

Franking Details

The dividend is fully franked, which means it comes with a franking credit at the corporate tax rate of 30%. This implies that the dividend amount is taxed at the company level, potentially offering tax advantages to shareholders. The franked amount per security is AU$1.02, with no unfranked or conduit foreign income components included.

Approval Requirements

No additional approvals are required for this dividend. This includes no need for approvals from the Foreign Investment Review Board (FIRB), Australian Competition and Consumer Commission (ACCC), or any court orders, ensuring a straightforward distribution process.

Impact and Company Strategy

REA Group Ltd’s decision to pay a fully franked dividend reflects its robust financial performance and commitment to providing value to its shareholders. This distribution is part of the company's ongoing strategy to reward investors while continuing to focus on growth and investment opportunities.

Investor Information

Shareholders are encouraged to verify their entitlements and ensure their shares are registered by the record date to receive the dividend. For more details, investors can contact REA Group Ltd’s investor relations team or visit the company’s official website. This dividend announcement underscores REA Group Ltd.’s strong fiscal health and its dedication to shareholder returns.

Outlook

REA Group Ltd’s solid dividend payment reflects its robust financial health and commitment to shareholder value. Looking ahead, the company is poised to continue leveraging its strong market position and growth initiatives. Investors can expect an ongoing focus on delivering returns while driving long-term value.

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