Ex Dividend Dates ASX Guide: Whitefield Industrials (ASX:WHF) Sets 4 December Ex-Date With LIC Capital Gains Attached

Sonal Goyal

11 November 2026 09:38 PM AEDT

Ex Dividend Dates ASX Guide: Whitefield Industrials (ASX:WHF) Sets 4 December Ex-Date With LIC Capital Gains Attached

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Whitefield Industrials will pay a fully franked 5.25 cent Dividend per ordinary share.
The ex-date is Friday 4 December 2026, with payment on Monday 21 December.
The full ordinary dividend is attributed with LIC discount capital gains.
This is the first payment under the company's new quarterly schedule.

Whitefield Industrials Limited (ASX:WHF) will go ex-dividend on Friday 4 December 2026 for a fully Franked Dividend of 5.25 cents per ordinary share, and for the first time under its new quarterly schedule the whole payment will be attributed with LIC discount capital gains. The listed Investment company announced the dividend for the quarter ended 30 September 2026 on 14 October. The Record Date is Monday 7 December and payment is due on Monday 21 December 2026. Holders of the company's 8% preference shares will receive 2.0 cents per share, also fully franked. The confirmed dates are about four weeks later than the indicative timetable the company published in August.

The Confirmed Timetable for the September Quarter Dividend

The 14 October announcement, signed by Chairman and Managing Director Angus Gluskie, sets the ex-dividend date as 4 December, the record date as 7 December and the payment date as 21 December 2026. Under the ASX's T+2 settlement cycle, ordinary shares acquired on or before Thursday 3 December, and held through settlement, carry the entitlement. Shares acquired from the ex-date onwards do not.

Both the ordinary dividend of 5.25 cents and the preference dividend of 2.0 cents are fully franked. The Dividend reinvestment and dividend substitution arrangements apply only to ordinary shares.

How Whitefield Moved to Quarterly Dividends

The quarterly model is new for Whitefield. On 18 August 2026 the company announced that it would move to paying dividends every quarter, and it set a 5.25 cent fully franked dividend for the quarter ended 30 June 2026 as the first payment under that approach. That dividend went ex on 4 September, had a record date of 7 September and was paid on 21 September 2026. The August letter stated that no part of that dividend was attributed with LIC discount capital gains.

The same letter set out indicative dates for the rest of the 2027 financial year. For the September quarter, it showed an ex-date of 6 November, a record date of 9 November and payment on 23 November 2026. The December quarter was pencilled in for an ex-date of 5 February 2027, a record date of 8 February and payment on 22 February. The March quarter was shown with an ex-date of 7 May 2027, a record date of 10 May and payment on 24 May.

The dates confirmed on 14 October for the September quarter dividend, 4 December, 7 December and 21 December, replaced the indicative November dates. For shareholders who rely on published calendars, this shows why indicative dates are best treated as a guide until the formal dividend announcement is lodged. The indicative dates for the December and March quarters have not been confirmed by a dividend announcement.

What LIC Discount Capital Gains Mean for Shareholders

The main change between the two quarterly dividends is the tax attribution. The 14 October announcement states that 100% of the value of the September quarter dividend will be attributed with LIC discount capital gains, compared with none for the June quarter dividend.

A listed investment company can attach an LIC Capital Gain amount to a dividend when the payment is sourced from capital gains on investments it has held for more than 12 months. Under rules administered by the ATO, eligible shareholders may be able to claim a deduction linked to that amount. Generally, Australian resident individuals, trusts and partnerships may claim a deduction of 50% of the LIC capital gain amount, while complying Superannuation funds may claim one third. The deduction is designed to give shareholders a tax outcome closer to what they would have received had they made the gain directly.

The full dividend remains assessable income, and the franking credits attached to it are claimed in the usual way. The LIC capital gain amount is shown on the dividend statement, and eligibility for the deduction depends on each shareholder's circumstances, including whether the shares are held on capital account.

DRP, DSP and the Election Deadline

Whitefield operates a Dividend Reinvestment Plan (DRP) and a Dividend Substitution Plan (DSP), which was previously called the Bonus Share Plan. Both are available for the September quarter dividend and apply to ordinary shares only. A nil discount will apply to the issue price of shares under either plan.

The announcement states that a participation form must be received by 5pm on the Business day after the record date. With the record date on Monday 7 December, that points to a deadline of 5pm on Tuesday 8 December 2026. Participation starts with the first dividend paid after the form is received. The company has said it will release the allotment price in a separate market announcement once the calculation period is complete.

Under a DRP, the dividend is paid and then reinvested in new shares. Under a DSP, shareholders take new shares in place of the dividend, which can change the tax treatment and the use of franking credits, so the two plans are not interchangeable.

Other Activity Around the Register

Alongside the dividend, Whitefield has lodged a regular stream of buy-back notifications with the ASX. Updates on its on-market buy-back were filed on most trading days from 12 October to 11 November 2026, and a notification of cessation of securities was lodged on 28 October. The company also released its Quarterly Report to shareholders for the September 2026 quarter on 16 October and its net Tangible Asset and monthly investment update for September on 14 October, the same day the dividend was announced.

Key Takeaways

Whitefield Industrials will pay a fully franked 5.25 cent dividend per ordinary share and 2.0 cents per preference share for the September 2026 quarter, with an ex-date of Friday 4 December, a record date of Monday 7 December and payment on Monday 21 December. The full ordinary dividend is attributed with LIC discount capital gains, which may give eligible shareholders a tax deduction. The DRP and DSP are open with no discount, and forms are due by 5pm on the business day after the record date. The confirmed dates came in later than the indicative timetable published in August, which makes the company's formal announcement for the December quarter the next date to watch.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.