Highlights

  • Pengana International Equities (ASX:PIA) provides exposure to global equities through a listed Investment company structure.
  • The final Dividend is $0.014 per share, with an annual Yield of 5.16%.
  • The shares traded ex-dividend on 31 August 2026, while the Record Date was 1 September 2026.
  • The dividend is scheduled to be paid on 15 September 2026 and carries 100% franking.

For Australian investors, franked income has traditionally been associated with domestic shares, which makes Pengana International Equities (ASX:PIA) a distinctive proposition. The listed investment company offers exposure to global equities while also providing a fully Franked Dividend profile, giving investors an income angle alongside international diversification.

Dividend Snapshot

Pengana International Equities (ASX:PIA) has a final dividend of $0.014 per share, with an annual yield of 5.16% based on the supplied dividend information.

The shares traded ex-dividend on 31 August 2026, while the record date was 1 September 2026. As of 9 September 2026, the payment remains upcoming and is scheduled for 15 September 2026.

The dividend carries 100% franking, meaning eligible Australian shareholders may receive the full benefit of attached franking credits. This can enhance the after-tax value of the payment depending on an investor’s individual tax circumstances.

What Is Supporting the Dividend?

As a listed investment company, Pengana International Equities (ASX:PIA) funds distributions from investment income and realised gains generated by its global portfolio rather than from conventional operating cash flow.

The company’s investment structure allows it to retain profits across periods and use those reserves to support Shareholder distributions, subject to portfolio performance and available franking credits.

Although the underlying portfolio invests internationally, the LIC structure can still support franked dividends where sufficient Australian tax has been paid on income and realised gains. This gives PIA a differentiated income profile compared with many other vehicles focused on offshore equities.

What Income Investors Should Watch

Distribution capacity ultimately depends on the performance of the global portfolio, realised gains, profit reserves and the company’s franking position. These factors can vary with international market conditions and currency movements.

Investors may also monitor the relationship between Pengana International Equities’ (ASX:PIA) share price and its net Tangible Asset backing. As with other listed investment companies, PIA can trade at a premium or discount to the value of its underlying portfolio.

Currency fluctuations can also influence portfolio returns and realised investment outcomes, adding another variable to the Earnings available for future distributions.

Future dividends remain dependent on investment performance, available profits, franking capacity and board decisions.

Outlook

Pengana International Equities (ASX:PIA) combines international Equity exposure with a fully franked income profile, giving Australian investors a differentiated way to access global markets.

Its $0.014 per share final dividend, carrying an annual yield of 5.16%, had already passed its ex-dividend and record dates by 9 September 2026, while payment is scheduled for 15 September 2026. The dividend carries 100% franking.

Looking ahead, global portfolio performance, currency movements, realised gains, profit reserves and franking capacity are likely to remain central considerations for income-focused investors.