APA Group (ASX:APA) today announced an estimated interim distribution of 27.0 cents per security for the six months ending 31 December 2024. This represents a 1.9% increase over the FY24 interim distribution of 26.5 cents per security.
Consistent with previous guidance, total distributions for FY25 are expected to be 57.0 cents per security, inclusive of the distribution of 27.0 cents per security for the six months ending 31 December 2024.
The actual amount of the interim distribution and its tax deferred status will be confirmed following finalisation of the half year results, which are due for release on 24 February 2025. APA will confirm allocable franking credits when finalising the interim distribution with the release of the half year results.
The key dates for the interim distribution are:
- Securities trade ex-distribution: 30 December 2024
- Record Date: 31 December 2024
- Payment Date: 17 March 2025
Payment of Interim Distribution
Distribution payments to securityholders with a registered address in Australia or New Zealand will be paid by direct credit to their nominated bank account. Securityholders are encouraged to check their payment details are up to date and, if a change is required, to promptly advise APA’s registry, Link Market Services, by phoning on 1800 992 312, emailing apagroup@linkmarketservices.com.au, or online at www.linkmarketservices.com.au.
Distribution Reinvestment Plan (DRP)
The DRP will operate for this interim distribution for the half year ended 31 December 2024 at a discount of 1.5%. Securityholders wishing to participate, or to change their participation, need to provide DRP election instructions to APA’s registry, Link Market Services before the last election date of 2 January 2025.
The DRP gives securityholders a convenient method of reinvesting all or part of their distributions to obtain additional securities in APA without incurring costs of purchasing on market.