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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.885 0.115 (6.50%)+
Announcement
Release
21 Aug 2026 8:47AM
Price at Release
$1.770
Full Release
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Summary
Alkane Resources Ltd announced its maiden dividend of 2.0 cents per share, fully franked, for the financial year 2026. The final dividend is scheduled to be paid on 1 October 2026 to shareholders registered by 8 September 2026. In addition, the company has approved an on-market share buy-back program of up to $50 million to be executed over the next 12 months. This initiative reflects Alkane's confidence in its portfolio's intrinsic value and business outlook, aiming to enhance shareholder returns while maintaining a strong balance sheet.
Key Points
  • Alkane declares a 2.0 cents per share fully franked final dividend for FY26.
  • The payment date for the dividend is set for 1 October 2026.
  • The record date for the dividend is 8 September 2026.
  • Alkane approves a $50 million on-market share buy-back program.
  • The share buy-back will be conducted over the next 12 months unless terminated earlier.
  • The initiatives indicate Alkane's confidence in its ability to generate cash flows and its business outlook.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.