Pengana’s income assurance defies COVID downturn

Pengana Capital

Pengana Capital Group

Yield-hungry investors will welcome the new payout mandate from Pengana International Equities (ASX: PIA) listed investment company. The manager has bolstered its long-term commitment to deliver fully-franked dividends, with a final dividend of 2.5 cents fully franked at 30%, lifting its full year payout to 5 cents a share. 

Pengana's announcement is particularly valuable in Australia’s current pandemic-hit economic environment, marked by dividend deferrals and cancellations by some of the most reliable income stocks. Many LICs have trimmed dividends, fearing the double-impact of negative returns and dividend payouts. But the Pengana LIC maintains a dual mandate of smooth returns while preserving capital. 

In the year to 31st July, the portfolio outperformed the market by more than 8.1%. With $317 million of equity, PIA is the largest ethical LIC on the ASX. The PIA team will host a webinar at 2pm on 9th September. 

You can register here

Fund Manager
Pengana Capital Group

Pengana Capital Group (ASX: PCG) is an ASX listed diversified funds management group specialising in global and Australian managed funds, with distinct investment strategies that aim to deliver superior risk-adjusted returns to investors.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.