Acorn Capital recommits on dividends
Australian listed microcap manager, Acorn Capital has reiterated its intention around annual dividends.
The company repeated its 23 February announcement to the Australian Securities Exchange (ASX) today that intends to pay annual dividends targeting at least three per cent of closing post-tax NTA for each financial year, franked to the highest extent possible without the company incurring a liability.
It said this undertaking was subject to the company having sufficient profit and cashflow to make such payments.
The ASX announcement said that from the current financial year it was the intention to pay part of the dividend as an interim dividend.
The most recent announcement said that over the past 12 months, Acorn had paid a dividend of 0.033 cents per share, fully franked.
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
