Bell Potter LIC Weekly: Pengana Updates International LIC Mandate

By William Gormly | More Articles by William Gormly

On Wednesday 13 May Pengana International Equities Limited (PIA) provided an update to the market that it is well placed to deliver a fully franked final dividend later in the calendar year. This will likely not be confirmed or approved by the Board until they meet in August. Last year the company announced a reset of the annual dividend to 5cps (previously 7cps) which has PIA currently trading on a fully franked net and gross yield of 4.8% and 6.9%, respectively.

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William Gormly

About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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