Korvest Ltd Declares Fully Franked 40 Cent Dividend for H1 2026 with DRP Option

Korvest’s Fully Franked Dividend Reflects Strong Cash Flow and Earnings

Korvest Ltd has declared a fully franked dividend of AUD 0.40 per share for the six months ending 30 June 2026, signaling robust financial health and confidence in ongoing cash generation. The 100% franking credits correspond to the full 30% corporate tax rate, enhancing the dividend's value for Australian resident shareholders by providing tax offsets. This payout underscores Korvest’s ability to deliver shareholder returns while sustaining operational momentum.

Announced on 28 July 2026, the fully franked dividend aligns with Korvest’s commitment to transparent and timely shareholder communications. The full franking is particularly advantageous for Australian investors such as retirees and superannuation funds, who benefit from franking credits. This dividend declaration highlights Korvest’s stable earnings and cash flow during the interim period.

Dividend Schedule and Shareholder Action Dates

The dividend timetable is clearly outlined: the ex-dividend date is 3 September 2026, requiring investors to hold shares before this date to qualify. The record date is 4 September 2026, establishing the list of eligible shareholders. Dividend payments will be made on 25 September 2026, ensuring timely receipt of funds.

Investors should note that shares purchased on or after the ex-dividend date will not be entitled to this dividend. The gap between record and payment dates allows for administrative processing. Awareness of these dates is critical for portfolio management and dividend eligibility.

Dividend Reinvestment Plan Offers 5% Discount to Shareholders

Korvest’s Dividend Reinvestment Plan enables shareholders to reinvest their dividends into new shares at a 5% discount to the volume weighted average market price (VWAMP). The VWAMP is calculated over the five trading days from 3 September 2026 (ex-dividend date) through 9 September 2026. This discounted reinvestment option allows shareholders to grow their holdings cost-effectively without brokerage fees.

Shareholders must elect to participate by 17:00 on Monday, 7 September 2026. Those who do not submit an election will receive their dividend in cash. New shares issued under the DRP will be allocated on the dividend payment date, 25 September 2026. Full DRP details are accessible via Korvest’s investor relations site at https://www.korvest.com.au/investors/dividend-reinvestment-plan/.

Franking Credits Enhance Dividend Value for Eligible Investors

The dividend’s full 100% franking credits, reflecting the 30% corporate tax rate, provide additional tax benefits for Australian resident shareholders including superannuation funds and retirees. These credits effectively increase the total return beyond the cash dividend amount, especially valuable for investors in higher tax brackets or tax-exempt entities.

Korvest’s full franking policy demonstrates strong domestic profit generation and the company’s ability to pass on tax benefits, a key consideration for investors evaluating Australian equities.

New Shares Issued Under DRP Rank Equally with Existing Shares

Shares issued through the DRP on 25 September 2026 will rank pari passu with existing ordinary fully paid shares, granting equal dividend and voting rights from the date of issue. There are no minimum or maximum participation limits, allowing all shareholders to benefit regardless of shareholding size.

This inclusive approach facilitates shareholder accumulation of discounted shares without additional restrictions, streamlining participation.

DRP Pricing Based on Five-Day VWAMP Post Ex-Dividend Date

The DRP share price will be set at 95% of the VWAMP over the five trading days from 3 to 9 September 2026, capturing market adjustments following the ex-dividend date. This method smooths short-term price fluctuations and aligns with standard Australian market practices, ensuring fair pricing for reinvested shares.

The exact DRP price will be determined after the trading period and is not disclosed at the dividend announcement.

Korvest’s Operational Strength and Dividend Policy

Korvest Ltd, listed on the ASX as KOV, is an established Australian company with a consistent history of returning capital to shareholders. The fully franked interim dividend reflects strong earnings in the first half of the 2026 financial year and confidence in ongoing cash flows.

Maintaining fully franked dividends alongside a discounted DRP indicates management’s positive outlook on the company’s financial stability and future earnings potential.

No External Approvals Required for Dividend Payment

The dividend payment requires no external approvals, including from security holders, courts, ASIC, ACCC, or the Foreign Investment Review Board (FIRB). This facilitates timely payment according to the announced schedule and provides shareholders with certainty.

Korvest’s full disclosure of dividend details complies with ASX continuous disclosure requirements and supports transparent investor communications.

Deadline for DRP Participation Election

Shareholders must submit their election to participate in the DRP by 17:00 on 7 September 2026. This deadline follows the ex-dividend and record dates, ensuring shareholders have clear information on their eligibility before making a decision.

Shareholders who do not elect participation will receive their dividend in cash on 25 September 2026. Elections can typically be made via Korvest’s share registry through online, mail, or telephone options. Shareholders should confirm their preferred method and adhere to the deadline to avoid defaulting to the cash payment option.