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Perpetual Equity Investment Company Limited (ASX:PIC)

ALERT: Price-sensitive ASX Announcement for PIC
Current share price for PIC : $1.145 -0.085 (-6.91%)+
Announcement
Release
20 Aug 2026 9:47AM
Price at Release
$1.230
Full Release
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Summary
Perpetual Equity Investment Company Limited (ASX:PIC) announced its financial results for FY26, reporting a net profit after tax of $12.1 million. The company maintained its fully franked dividend at 8.0 cents per share, yielding 6.8% annually, with a grossed-up yield of 9.7%. The profit reserve is at $63 million, providing for 2.0 years of dividend coverage. The portfolio returned 2.8% against a benchmark return of 6.2% due to market conditions. Additionally, PIC will transition to monthly dividend payments starting December 2026 to provide more frequent income to shareholders.
Key Points
  • Perpetual Equity Investment Company Limited (ASX:PIC) reported a net profit after tax of $12.1 million for FY26.
  • The company declared a fully franked final dividend of 4.0 cents per share for the second half of FY26.
  • The total dividend payment for FY26 remained consistent with FY25 at 8.0 cents per share, with a grossed-up yield of 9.7%.
  • PIC's portfolio returned 2.8% for the year ended 30 June 2026, compared to the S&P/ASX 300 Accumulation Index return of 6.2%.
  • The company's profit reserve stands at $63 million, providing for 2.0 years of dividend coverage.
  • PIC plans to transition from semi-annual to monthly dividend payments, starting in December 2026.
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.