The latest Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), or Soul Patts, has just announced its dividend for its FY26 results.
It may not have the biggest dividend yield on the ASX, but the investment conglomerate has been incredibly consistent for shareholders.
Soul Patts has rewarded shareholders with another good dividend increase, to add to the payout growth the company has already delivered this decade.
Let's take a look at what the next payout will be for investors.
The board of directors declared a final dividend of 63 cents per share, representing a year-over-year increase of 6.8%.
This brought the full-year dividend per share to $1.11, an increase of 7.8% from FY25.
A key driver of the company's dividend is its net cash flow from investments (NCFI). The NCFI increased 11.5% to $572 million, driven by credit (a larger credit book and strong results), private companies (continued cash generation) and real assets (industrial property). On a per-share basis, NCFI increased by 8.3% year-over-year. So, the company has passed on nearly all of the NCFI increase to shareholders in the form of a higher dividend.
Soul Patts revealed that the FY26 annual dividend is 73% of NCFI, which is both rewarding and sustainable for shareholders.
Its annual dividend has grown at a compound annual growth rate (CAGR) of 12.4% over the last five years. Impressively, the business has raised its regular annual dividend for the last 28 years, with dividend growth at a 10.4% CAGR.
At the time of writing, the annual dividend of $1.11 equates to a grossed-up dividend yield of 3.4%, including franking credits, at the time of writing.
The business has only just announced the dividend, but it won't be long before the company pays it out to investors.
Before we get to the payment date, we need to look at the ex-dividend date. That's the cut-off date for entitlement to this payment.
Soul Patts has stated that the ex-dividend date is Monday, 12 October 2026, which is less than three weeks away. That means investors need to own Soul Patts shares by the end of trading on Friday, 9 October 2026, to be entitled to this dividend.
Following that, the payment date for the final dividend is 5 November 2026.
Shareholders can also decide to receive new Soul Patts shares rather than cash as their dividend, if they take part in the dividend re-investment plan (DRP). Investors need to elect to join the DRP by 5pm on 14 October 2026.
The post Everything you need to know about the Soul Patts dividend appeared first on The Motley Fool Australia.
Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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