Highlights

  • Mirrabooka Investments (ASX:MIR) will trade ex-dividend on 30 July 2026.
  • The dividend is a final payment of $0.095 per share, reflecting the full-year result.
  • The dividend is 100% franked, meaning shareholders receive full franking credits attached to the payment.
  • Investors must hold MIR shares before the ex-dividend date to be entitled to receive this dividend.
  • The dividend is scheduled to be paid on 21 August 2026.

Mirrabooka Investments Ltd (ASX:MIR) is approaching its upcoming final dividend ex-date of 30 July 2026, which is 6 days from now. The company has declared a final dividend of $0.095 per share, which is fully franked. Investors who hold MIR shares or units before the ex-dividend date will be entitled to receive this distribution when it is paid on 21 August 2026.

The upcoming ex-dividend date is an important event for shareholders and prospective investors to monitor. Investors who purchase MIR shares on or after 30 July 2026 will not be entitled to receive this final dividend. The share or unit price may adjust to reflect the dividend amount being paid out around the ex-dividend date, which is a normal feature of how dividend payments are processed in equity markets.

Company Overview

Mirrabooka Investments Ltd (ASX:MIR) is an ASX-listed investment company (LIC) managed by the AFIC group, focused on investing in small and medium-sized Australian companies. Mirrabooka provides investors with diversified exposure to smaller Australian businesses that the managers believe have attractive long-term growth prospects.

The company is approaching its final dividend date of 30 July 2026, declaring a final dividend of $0.095 per share fully franked. A final dividend represents the distribution declared at the completion of the financial year and reflects Mirrabooka's investment income over the full year. Shareholders who hold MIR on the record date will receive this dividend on 21 August 2026.

As a long-standing listed investment company, Mirrabooka has a history of paying fully franked dividends to shareholders, reflecting the franked dividends it receives from its portfolio of Australian company investments. The 100% franking on this dividend means shareholders receive valuable franking credits in addition to the cash dividend.

Dividend Details

A final dividend is declared after the company has completed its full financial year, making it the last dividend payment for that reporting period. Unlike interim dividends, which are paid during the year, a final dividend represents the total distribution for the year net of any interim dividends paid earlier.

The $0.095 per share dividend carries 100% franking. Fully franked dividends come attached with franking credits that represent company tax already paid on the underlying profits. Australian resident shareholders can use these credits to offset their own income tax liability, making fully franked dividends particularly tax-effective for many investors.

For investors in listed investment companies such as Mirrabooka, the franking credit profile is an important consideration alongside the dividend amount. The full franking attached to this dividend means the grossed-up value of the payment — combining the cash dividend and the franking credit — is higher than the stated $0.095 amount for eligible taxpayers.

What Investors Watch

For listed investment companies such as Mirrabooka, investors approaching an ex-dividend date typically monitor the consistency of the dividend track record, the franking credit balance held by the company, and the portfolio's income-generating capacity relative to the dividends declared. The net tangible asset (NTA) value of the company relative to its share price — the premium or discount to NTA — is also an important metric investors assess alongside the dividend yield.

Broader market conditions — including interest rate expectations, sector performance and macroeconomic developments — can also influence how investors assess dividend-paying stocks around ex-dividend dates, particularly where the dividend yield is a significant component of the total return expectation.

Understanding Ex-Dividend Dates

The ex-dividend date is the key cut-off point for dividend eligibility. Investors who hold a stock or trust before the ex-dividend date are entitled to receive the upcoming dividend; those who purchase on or after the ex-dividend date are not. This cut-off is set by the ASX as part of the standard settlement process for listed securities.

Share prices typically fall by approximately the amount of the dividend on or around the ex-dividend date, reflecting the reduction in the company's assets as the dividend is paid out. This price adjustment is a natural part of the dividend process and does not represent a loss for shareholders who have held through the ex-date — the cash received in the dividend offsets the price reduction.

The record date — typically the day after the ex-dividend date under standard T+2 settlement — is the date on which the company's share registry determines who is entitled to receive the dividend. The payment date of 21 August 2026 is when eligible shareholders actually receive the cash in their accounts.

Understanding Franking Credits

The upcoming final dividend from Mirrabooka Investments Ltd (ASX:MIR) is 100% franked, meaning it carries full franking credits. Franking credits represent income tax already paid by the company on the profits from which the dividend is distributed. Under Australia's dividend imputation system, eligible resident shareholders can use these credits to offset their own income tax liability, reducing their personal tax on the dividend income.

The tax treatment of dividends and franking credits depends on individual circumstances. Shareholders should consult a qualified tax adviser regarding how dividends and franking credits apply to their specific tax position.

Final Takeaway

Mirrabooka Investments' final dividend of $0.095 per share, fully franked, with an ex-date of 30 July 2026 represents the company's year-end distribution to shareholders. The full franking attached to this dividend provides eligible Australian shareholders with valuable tax credits in addition to the cash payment, which is a characteristic feature of LICs invested in Australian equities.

Investors monitoring the ASX dividend calendar should note the 30 July 2026 ex-dividend date for Mirrabooka Investments Ltd (ASX:MIR) and assess whether holding or acquiring the security before that date is consistent with their income strategy and overall portfolio objectives.