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Tamawood Limited (ASX:TWD)

ALERT: Price-sensitive ASX Announcement for TWD
Current share price for TWD : $2.400 -0.15 (-5.88%)+
Announcement
Release
11 Apr 2025 1:54PM
Price at Release
$2.550
Full Release
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Summary
The Board of Tamawood Limited has declared an interim fully franked dividend of 11 cents, set to be paid on 6 June 2025. Despite adverse weather conditions, including the impact of ex-Tropical Cyclone Alfred, the Tamawood Group remains debt-free as of the latest unaudited management accounts to 31 March 2024. The Board acknowledges that this dividend will extend the Group's negative retained earnings position but is confident that this will self-correct based on current sales performance. The Board also anticipates a strong uptake in the Dividend Reinvestment Plan.
Key Points
  • Tamawood Limited declared an interim fully franked dividend of 11 cents.
  • The dividend is payable on 6 June 2025.
  • The Group remains debt-free according to unaudited management accounts as of 31 March 2024.
  • The impact of ex-Tropical Cyclone Alfred was acknowledged.
  • The dividend may prolong the Group's negative retained earnings position.
  • The Board is confident in self-correction based on current sales performance.
  • A significant uptake in the Dividend Reinvestment Plan is expected.
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.