Future Generation Global (ASX: FGG) has delivered strong total shareholder return (TSR) of 22.7% in the 12 months to 30 June 2026, including the value of franking credits. The Board of Directors is pleased to declare an increased fully franked interim dividend of 4.2 cents per share, bringing the annualised fully franked interim dividend to 8.4 cents per share, representing a 5.0% increase from 2025.
The increased fully franked interim dividend of 4.2 cents per share provides an annualised fully franked interim dividend yield of 4.9%* and a grossed-up dividend yield of 7.0%*. Future Generation Global has increased its dividend every year for the past seven years, demonstrating the sustainability of the Company’s structure and its commitment to providing shareholders with reliable, fully franked income through varying global market conditions. At 31 May 2026, the Company had 8.0 years of dividend coverage, based on the profits reserve of 67.4 cents per share.
Future Generation Global Chair Jennifer Westacott AC said, “We are pleased to provide shareholders with an increased fully franked interim dividend and strong total shareholder return. Future Generation Global offers attractive returns and a reliable stream of income, while making a difference to our non-profit partners who support mental health and wellbeing for young Australians.”
This strong return for shareholders was driven by solid investment portfolio performance, an increase in the share price from $1.51 to $1.685 per share over the 12 months to 30 June 2026, and the payment of three fully franked dividends during the period, including a 4.0 cents per share fully franked interim dividend, a 4.0 cents per share fully franked final dividend, and a 3.0 cents per share special fully franked dividend.
Investment portfolio update
The Future Generation Global investment portfolio aims to deliver attractive returns with lower volatility^ than the market. The portfolio reduces risk by diversifying its investments across 15 leading active fund managers, investment strategies and underlying holdings. This approach has delivered investment portfolio performance of 9.4%** per annum since inception to 31 May 2026 with lower volatility^ than the MSCI AC World Index (AUD).
Over the last three years to 31 May 2026, the investment portfolio performance has increased 13.9%** per annum, while the MSCI AC World Index (AUD) rose 18.0% per annum. Global equity markets have experienced ongoing volatility, driven by geopolitical tensions between the US and Iran, and increased market concentration with the largest technology and artificial intelligence (AI) related companies dominating index performance. Over the last year, approximately half of the total return of the MSCI AC World Index (AUD) was driven by the largest 10 companies. This concentration increases portfolio risk that Future Generation Global seeks to manage through diversification.
The portfolio remains underweight the largest companies in the index, particularly US-based technology stocks, instead focusing on small to mid-cap businesses with strong fundamentals. This investment approach is designed to deliver lower volatility^ over the medium to long term. The investment portfolio exposures are summarised below and include several themes such as AI infrastructure and enablers, global growth diversifiers, long term winners, and other growth opportunities.
Future Generation Chief Investment Officer Lee Hopperton said, “The Future Generation Global investment portfolio is well positioned within the current market environment to continue to deliver attractive, risk-adjusted returns for our shareholders.”
Read the full Media Release here.
*Based on the 9 July 2026 closing share price of $1.70 per share and the annualised FY2026 fully franked interim dividend of 8.4 cents per share. Grossed-up dividend yield includes the value of franking credits and is based on a tax rate of 30.0%.
^Volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility is measured by standard deviation, and can be thought of as an assessment of the risk in the investment portfolio. In most cases, the higher the volatility, the riskier the investment.
**Investment portfolio performance is before expenses, fees and taxes to compare to the relevant index which is also before expenses, fees and taxes.
^^The Future Generation Global underlying fund managers’ investment portfolios’ analysis referenced, including the investment portfolio’s exposure compared to the MSCI AC World Index, is as at 31 December 2025 and has been prepared by Lonsec on a pro bono basis.
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