By David Rogers
Future Generation Global will ramp up its dividend payments after committing to paying both interim and final fully franked dividends on the back of a solid investment performance.
For the first time since its inception in 2015, the Geoff Wilson chaired listed investment company declared a final dividend of 3c a share fully franked, taking its total to 6c a share for the 2021 financial year, up 200 per cent on the previous year.
On that basis, its shares traded on a fully franked full year dividend yield of 4.2 per cent versus the average global share market yield of 1.8 per cent and the US share market average of 1.4 per cent.
FGG shares rose 2.1 per cent to a three-day high of $1.45, despite a 0.4 per cent fall in Australia’s benchmark S&P/ASX 200 index late Tuesday morning.
Read more in The Australian