What Does Benjamin Hornigold’s (ASX:BHD) Upcoming Interim Dividend Follow, and When Is the Ex-Date?

Key highlights

• Benjamin Hornigold Ltd (ASX:BHD) has a fully franked interim dividend of 6.2 cents per share with an ex-dividend date of 29 October 2026 and payment on 18 November 2026.
• The unaudited FY26 Appendix 4E reports a loss of $420,931 and records that no dividends were paid or proposed during the year.
• After year end, the company received settlements of $800,000 and $1,800,000 and holds a profit reserve of $1,496,543.

Benjamin Hornigold Ltd (ASX:BHD) is a listed investment company based in Sydney with an objective of moderate to high portfolio returns over the medium to long term. As at 19 October 2026, it has a fully franked interim dividend of 6.2 cents per share that goes ex-dividend on 29 October 2026. The company’s unaudited Appendix 4E and preliminary final report for the year ended 30 June 2026, with statements authorised on 31 August 2026, sets out its results, balance sheet and events after year end.

About the company

The company began operations in May 2017 and is an investment entity that accounts for investments at fair value through profit or loss. At 30 June 2026 it held cash of $3,778,188 and investments of $2,940,298 across 24,155,241 shares on issue, with net tangible assets of $0.24 per share. A profit reserve of $1,496,543 has been set aside for future dividend payments.

Upcoming dividend details

The Appendix 4E states that no dividends were paid or proposed during the year ended 30 June 2026, and the interim dividend above is listed in the company’s dividend schedule for a later date. The profit reserve described in the report represents amounts allocated from earnings for future dividends.

FY26 results

Revenue was $619,134, up 238%, and the loss after tax was $420,931, down 41% from $709,247. Net trading gains on financial instruments were $534,741. Legal fees were $565,697 against $376,436 and directors’ fees were $308,000. The report states that the portfolio underperformed the S&P/ASX 200 Accumulation Index.

Settlements and claims after year end

The company received $800,000 on 20 July 2026 and $1,800,000 on 4 August 2026 under deeds of settlement with claims against former directors. On 6 August 2026 it obtained a default judgement of $8,971,570 against JB Markets Pty Ltd, but it does not attribute any value to the judgement given the counterparty’s financial circumstances. Loans to former related parties, including a convertible loan with interest of $4,936,311, remain in default and are written down to nil or fully impaired.

The report’s sensitivity and credit disclosures give more context on the balance sheet. At 30 June 2026 listed ordinary shares made up $2,843,321 of the $2,940,298 of investments, and cash held at banks was $3,778,178. Tax losses not recognised amount to $3,058,299 at the 25% tax rate, so the company has no recognised tax asset for them.

The directors’ fees of $308,000 for FY26 were stated in the remuneration report, and no options or bonuses were granted. The report records that the company has no options on issue and that no shares were issued during the year.

How the dividend timetable works

The ex-dividend date of 29 October 2026 is the first trading day on which shares change hands without the right to the upcoming dividend of 6.2 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 18 November 2026, 20 days after the ex-dividend date. The ex-dividend date falls 10 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

The report is unaudited, and trade and other payables rose to $1,056,538 from $423,878. The portfolio’s value moves with market prices, and the company’s sensitivity analysis shows a 5% price change would alter profit and net assets by $147,871.

Recovery of the loans and the effect of the JB Markets judgement are uncertain. Dividends depend on available reserves and franking credits, and the company has not paid dividends in the period covered by the report.

What’s next

The interim dividend goes ex on 29 October 2026 and is paid on 18 November 2026. The audited financial report will follow completion of the audit, and the company continues to pursue recovery of outstanding debts.