Highlights

  • Cadence Capital (ASX:CDM) has declared an Interim Dividend of AUD 0.010 per share.
  • The dividend carries an annual Yield of 7.59% and is 100% franked.
  • The shares are scheduled to trade ex-dividend on 15 December 2026, with payment due on 23 December 2026.
  • Portfolio performance, NTA and realised Investment gains remain important factors for the income outlook.

Cadence Capital (ASX:CDM), a listed investment company managed by Cadence Asset Management, has declared a fully franked interim dividend of AUD 0.010 per share. The shares are scheduled to trade ex-dividend on 15 December 2026, with the Record Date set for 16 December 2026 and payment scheduled for 23 December 2026. The dividend carries an annual yield of 7.59% and is 100% franked, keeping the LIC relevant for investors focused on franked income.

Dividend in focus

Cadence Capital's (ASX:CDM) interim dividend amounts to AUD 0.010 per share and is fully franked. The annual yield stands at 7.59%, providing an income component alongside investors' exposure to the performance of the company's managed investment portfolio.

The ex-dividend date is 15 December 2026, followed by the record date on 16 December 2026. Eligible shareholders are scheduled to receive the payment on 23 December 2026. The 100% franking level may enhance the effective value of the distribution for eligible Australian shareholders who can utilise franking credits.

What is driving the business?

Cadence Capital invests in a concentrated, actively managed portfolio of mainly Australian and some global listed equities, using a style that blends fundamental and technical signals and can hold cash or short positions. Because it is a LIC, its net Tangible Asset backing and its share price can diverge, and the stock can trade at a discount or premium to NTA.

The manager's returns drive the portfolio's growth and influence the company's capacity to generate realised investment gains. Performance is therefore tied to stock selection and market direction rather than to an underlying operating business. For income-focused holders, portfolio performance and the company's ability to generate distributable profits remain important considerations.

Why income investors may be watching

Cadence Capital (ASX:CDM) may attract income-focused investors because its interim dividend carries an annual yield of 7.59% and is 100% franked. The combination provides an income component alongside exposure to an actively managed Equity portfolio.

The franking credits may provide additional value for eligible Australian holders. Investors may also want to watch the NTA trend and the discount or premium at which the shares trade, along with portfolio performance and realised gains, when assessing the broader income proposition.

Risks

As an actively managed, concentrated LIC, Cadence carries market and manager risk. A period of weak investment performance can erode NTA and reduce the pool of realised gains available for Shareholder distributions. LIC dividends are not guaranteed and can change depending on portfolio outcomes and available distributable profits.

The shares can trade at a persistent discount to NTA, which affects the value realised by investors selling their holdings, while portfolio concentration can increase volatility. The ability to short positions and hold cash can either support or detract from performance depending on market conditions. Management fees, including any performance-related fees, can also reduce investment returns.

Investor takeaway

Cadence Capital's fully franked interim dividend of AUD 0.010 per share, payable on 23 December 2026, carries an annual yield of 7.59%. With 100% franking, the distribution may appeal to eligible income-focused Australian investors. Portfolio performance, realised gains, NTA movements and the company's trading position relative to asset backing remain important factors when assessing the sustainability of future income.