Key Highlights
- Judo Capital Holdings Ltd (ASX: JDOPA) declared a $1.912 fully franked interim dividend.
- The ex-dividend date is 6 August 2026, with payment scheduled for 17 August 2026.
- The annualised yield is 1.71% based on the current price of $111.90.
- The dividend is 100% franked at the 30% corporate tax rate.
Judo Capital Holdings Ltd (ASX: JDOPA) has declared an interim dividend of $1.912 per security, fully franked at 100%, with an ex-dividend date of 6 August 2026 and a payment date of 17 August 2026. Based on the current trading price of $111.90, the distribution represents an annualised yield of 1.71%. JDOPA securities represent a capital note or hybrid instrument issued by Judo Bank, Australia's specialist SME business bank, and the interim dividend reflects the scheduled distribution payable to eligible security holders.
About the JDOPA Dividend Declaration
The $1.912 interim distribution is consistent with JDOPA's structure as a listed capital note issued by Judo Capital Holdings Ltd. Capital notes of this type are designed to provide holders with regular, structured income distributions, with full franking attached where applicable. The distribution is classified as interim, reflecting a scheduled payment within the distribution cycle for this type of listed hybrid instrument. Investors holding JDOPA securities before the ex-date of 6 August 2026 will be entitled to receive the upcoming payment on 17 August 2026.
Company Overview
Judo Bank is Australia's challenger bank focused exclusively on small and medium-sized enterprise (SME) lending, operating under the brand proposition of relationship banking for business. The bank was founded to address what its founders identified as a gap in business lending left by the major banks, offering SME clients direct access to experienced bankers and tailored credit solutions. Judo Capital Holdings Ltd is the listed parent entity of Judo Bank, and JDOPA securities represent capital notes issued within its regulatory capital structure. The bank is assessed by investors on the basis of its loan book growth, credit quality, net interest margins and capital adequacy.
Dividend and Capital Note Focus
Capital notes such as JDOPA are designed to provide investors with regular income distributions funded from the issuing bank's earnings, with full franking attached. At a price of $111.90, the 1.71% annualised yield reflects the structured income profile of this type of instrument. Investors in capital notes and hybrid securities typically assess the distribution level relative to other hybrid instruments, the credit standing of the issuing entity, the remaining term to the reset or redemption date, and the grossed-up yield including the value of attached franking credits. As Judo Bank continues to grow its SME lending book, the performance and capital adequacy of the bank are relevant factors for holders of its listed capital instruments.
What Investors May Watch Next
- Ex-dividend date: 6 August 2026 — investors must hold JDOPA securities before this date to receive the dividend
- Payment date: 17 August 2026
- Judo Bank's SME loan book growth and credit quality updates
- Capital adequacy and regulatory capital management
- Future ASX announcements
Risks
Capital notes and hybrid securities carry risks including potential changes to distribution terms at reset dates, conversion to ordinary shares under certain capital trigger events, subordination to senior debt in a wind-up scenario, and issuer credit risk. As a challenger bank, Judo Bank is subject to risks associated with SME credit quality, competitive pressure from major bank lenders, funding costs and regulatory capital requirements. The value of attached franking credits depends on the individual investor's tax position.
Judo Bank has grown rapidly since its establishment as Australia's first new bank licence holder in many years, targeting SME business lending as its core market. The bank has attracted attention from both business borrowers seeking relationship-based banking and institutional investors tracking the performance of its listed capital instruments. Capital notes issued by Judo Capital Holdings sit within the bank's regulatory capital structure, and their distributions are supported by the ongoing earnings of the SME lending business. Investors in listed bank hybrids typically compare distribution levels and reset terms across instruments from major and regional banks when assessing relative value.






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