Cadence Capital (ASX:CDM): Final Dividend Ex-Date Approaches

Cadence Capital (ASX:CDM): Final Dividend Ex-Date Approaches — Key Details for Shareholders

Sonal Goyal

25 July 2026 09:23 PM AEST

Cadence Capital (ASX:CDM): Final Dividend Ex-Date Approaches — Key Details for Shareholders

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Highlights

Cadence Capital (ASX:CDM) will trade ex-dividend on 29 September 2026.
The upcoming payment is a final dividend of $0.03 per share.
The dividend is 100% fully franked, providing shareholders with full franking credit benefits.
Investors must hold CDM shares before 29 September 2026 to be eligible for this final dividend.
The dividend is scheduled to be paid on 15 October 2026.

Cadence Capital Ltd (ASX:CDM) is approaching its upcoming final dividend ex-date of 29 September 2026, which is 67 days from now. The company has declared a final dividend of $0.03 per share, which is fully franked. Investors who hold CDM shares or units before the ex-dividend date will be entitled to receive this distribution when it is paid on 15 October 2026.

The upcoming ex-dividend date is an important event for shareholders and prospective investors to monitor. Investors who purchase CDM shares on or after 29 September 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

Cadence Capital Ltd (ASX:CDM) is an ASX-listed investment company (LIC) that manages a portfolio of predominantly Australian equities using an active investment approach. The company's investment strategy incorporates both fundamental analysis and technical analysis to identify investment opportunities, and it may hold both long and short equity positions.

Cadence Capital is approaching a final dividend ex-date of 29 September 2026, with a final dividend of $0.03 per share fully franked. As a final dividend, this payment represents the year-end distribution for the relevant financial period. Shareholders who hold CDM shares before the ex-dividend date will receive the payment on 15 October 2026.

As a listed investment company, Cadence Capital's dividends reflect the income and realised gains generated by its investment portfolio over the financial year. The consistency and level of dividends paid by LICs can fluctuate from year to year depending on investment performance and portfolio income.

Dividend Details

The $0.03 final dividend, while modest in absolute terms, represents Cadence Capital's year-end distribution to shareholders following the conclusion of its financial year. For income-focused LIC investors, both the amount and the fully franked status of the dividend are relevant to their assessment of the total return from holding CDM.

The 100% franking attached to this dividend means that eligible shareholders receive franking credits representing company tax already paid. Even for a relatively small dividend amount, the franking credit attached can add meaningful additional after-tax value for investors in lower marginal tax brackets or those who can fully utilise the credits.

With the ex-dividend date 67 days from the reference date, investors have an extended planning window before needing to hold CDM shares to qualify for this final payment. This forward visibility is useful for income-focused investors planning their portfolio positioning around the dividend calendar.

What Investors Watch

For listed investment companies such as Cadence Capital, investors approaching an ex-dividend date typically assess the company's NTA (net tangible asset value) relative to its share price, the performance of the underlying equity portfolio, the dividend track record, and any changes in the investment strategy that may affect future income generation. Cadence Capital's use of both long and short equity positions means its performance profile can differ from more conventional long-only LICs.

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 15 October 2026 is when eligible shareholders actually receive the cash in their accounts.

Understanding Franking Credits

The upcoming final dividend from Cadence Capital Ltd (ASX:CDM) 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

Cadence Capital's final dividend of $0.03 per share, 100% fully franked, with an ex-date of 29 September 2026, provides shareholders with the company's year-end distribution. The fully franked status of the payment provides eligible Australian shareholders with tax credits in addition to the cash amount, making the effective after-tax yield of the dividend higher than the headline figure suggests for many investors.

Investors monitoring the ASX dividend calendar should note the 29 September 2026 ex-dividend date for Cadence Capital Ltd (ASX:CDM) and assess whether holding or acquiring the security before that date is consistent with their income strategy and overall portfolio objectives.

FAQs

Q: When is Cadence Capital's (ASX:CDM) ex-dividend date?

A: CDM's ex-dividend date is 29 September 2026. Shareholders must hold CDM shares before this date to be entitled to the final dividend of $0.03 per share.

Q: How much is CDM's upcoming dividend?

A: The upcoming final dividend is $0.03 per share, 100% fully franked, to be paid on 15 October 2026.

Q: What type of company is Cadence Capital?

A: Cadence Capital is a listed investment company (LIC) that invests primarily in Australian equities using a combination of fundamental and technical analysis. The company may hold both long and short equity positions as part of its active investment strategy.

Q: What is a final dividend?

A: A final dividend is declared at the conclusion of a company's financial year and represents the last dividend payment for that reporting period. It differs from an interim dividend, which is paid during the year.

Q: Does 100% franking significantly benefit investors even on a small dividend?

A: Yes. While the $0.03 cash amount is modest, the franking credits attached to a 100% franked dividend can add meaningful after-tax value for investors who can utilise those credits — particularly those with income at lower marginal tax rates or self-managed superannuation funds in accumulation or pension phase.

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