Ozgrowth Limited Announces Final Dividend for the Year Ending June 30, 2019; Provides Dividend Guidance for the Financial Year 2020
June 28, 2019 at 06:24 am IST
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Ozgrowth Limited intended on paying a consistent stream of dividends to investors. The level of dividend payments will be set after considering the level of realized net profits after tax, retained earnings and availability of franking credits. In accordance with this policy, the directors have determined to provide for the payment of a final dividend of 0.25 cents per share fully franked in its accounts as at 30 June 2019. A timetable for the payment will be lodged following completion of the current financial year, with the dividend anticipated to be paid to shareholders in August 2019.
The company targeted a dividend payment of 0.5 cents per share in respect of the 2020 financial year. It is anticipated that the payment of this dividend would occur in February (0.25 cents) and August (0.25 cents) of the 2020 calendar year. The level of franking in respect of the dividends for the 2020 financial year will be determined by available franking credits at the time of payment.
Ozgrowth Limited is an Australia-based investment company. The Company's objective is to generate a positive return over the medium to long-term, regardless of the movements of the share market, from a managed portfolio of small capital Australian Securities Exchange (ASX) listed and unlisted investments and provide shareholders with a consistent stream of dividends. The portfolio of assets is managed to generate a positive return regardless of movements in the equity market. For management purposes, the Company invests in equity securities on the Australian Stock Exchange. The Company operates in one geographical area, Australia. Westoz Funds Management Pty Ltd manages the Company's portfolio of assets.
OZGROWTH 
