Key highlights

  • Future Generation Australia Ltd (ASX:FGX) has a fully franked interim dividend of 3.8 cents per share with an ex-dividend date of 9 November 2026 and payment on 20 November 2026.
  • The 27 August 2026 announcement reports a total shareholder return of 20.1% including franking for the 12 months to 30 June 2026.
  • The company says it has increased its dividend every year for the past eleven years and had 5.5 years of dividend coverage on its profits reserve.

Future Generation Australia Ltd (ASX:FGX) is a listed investment company that invests in Australian fund managers, whose fees are reduced or waived, and supports charities. As at 19 October 2026, it has a fully franked interim dividend of 3.8 cents per share going ex-dividend on 9 November 2026. In an announcement dated 27 August 2026, the company reported its total shareholder return and declared the interim dividend.

About the company

FGX’s chair is Dr Philip Lowe. The company describes a listed investment company structure combined with an accumulated profits reserve as the basis for paying dividends through varying market conditions. It states that it has increased its dividend every year for the past eleven years.

Upcoming dividend details

Dividend type

Interim

Amount per share

$0.038

Franking

100% franked

Ex-dividend date

9 November 2026

Payment date

20 November 2026

Last price in the table

$1.34

The interim dividend of 3.8 cents per share brings the annualised fully franked interim dividend to 7.6 cents per share, a 5.6% increase from 2025.

Dividend history

The company’s message to shareholders centres on the reliability of fully franked income. The announcement describes the dividend increase as the eleventh in a row, supported by long-term investment portfolio performance, the listed investment company structure and the reserve.

The company’s dividend coverage figure can be checked against the numbers in the announcement. A profits reserve of 41.8 cents per share, divided by an annualised interim dividend of 7.6 cents, gives roughly 5.5 years, matching the company’s statement. Coverage of this kind is a measure of how long a reserve could fund dividends at the current rate, and it does not take account of new profits or losses.

The announcement is short and focuses on three points: the 20.1% total shareholder return including franking credits for the 12 months to 30 June 2026, the 5.6% increase in the annualised interim dividend and the history of eleven consecutive annual increases. Its chair is Dr Philip Lowe. Portfolio holdings and manager details are not covered in the document.

How the dividend timetable works

The ex-dividend date of 9 November 2026 is the first trading day on which shares change hands without the right to the upcoming dividend of 3.8 cents per share. Shares bought before that date carry the entitlement, subject to the record date and settlement timing, while shares bought on or after it do not. Payment follows on 20 November 2026, 11 days after the ex-dividend date. The ex-dividend date falls 21 days after 19 October.

The dividend is fully franked, which means franking credits equal to the Australian company tax paid on the underlying profit are attached. How much those credits are worth depends on each shareholder’s own tax position, which this article does not assess.

A dividend is a distribution of profit that the board decides to pay, and the amounts quoted are per share. The total cash paid depends on the number of shares on issue at the record date, which can change if a company issues new shares or repurchases existing ones. Dates and amounts can change if the company announces an update.

Factors shareholders may weigh

Future dividends depend on the profits reserve, realised profits and franking credits. Dividend coverage of 5.5 years is calculated on the reserve at a point in time and changes as dividends are paid and profits are earned. Investment performance depends on the managers selected and on market conditions.

The dividend is fully franked, so franking credits attach to the payment, which matters for shareholders who can use them.

What’s next

The interim dividend goes ex on 9 November 2026 and is paid on 20 November 2026, and the company will report its next dividend decision on its usual reporting timetable.