Mirrabooka Investments Limited - Preliminary Final Results

Mirrabooka Investment Limited (ASX: MIR) reported a 3.2% increase in revenue from operating activities, totaling AU$12.1 million. For the year, the company will issue a final dividend of 6.5 cents per share, fully franked, along with a special dividend of 2.5 cents per share, also fully franked. Both dividends will be paid on 16 August 2024 to shareholders listed on the register on 31 July 2024, and shares are expected to trade ex-dividend from 30 July 2024.

In the 2024 financial year, the interim dividend was 4.0 cents per share, fully franked, compared to 3.5 cents in the previous year. This dividend was paid to shareholders on 19 February 2024. The total dividends for the year amount to 13.0 cents per share, fully franked, which is lower than the 14.5 cents per share paid last year, including a 4.5-cent special dividend. The entire 6.5 cents of the final dividend and the 2.5 cents special dividend are sourced from capital gains, for which the company has paid or will pay tax.

Looking at the long-term performance, Mirrabooka has shown very positive results. Over ten years, ending on 30 June 2024, its return was 11.6% per annum, compared to 9.7% for the benchmark. Both figures include the full benefit of franking distributed with dividends. Mirrabooka's returns are also quoted after costs.

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