VGI Partners Global Investments Limited now agreed that VG1 will seek to pay dividends of at least 5 cents per share on a six-monthly basis. This is an increase to the former policy of at least 4.5 cents per share semi-annually and aligns with the most recently declared semi-annual dividend of 5 cents. The Board also intends for future dividends to be franked to the fullest extent possible and will seek to grow this level of dividend payment over time, noting that the ability to pay regular, stable dividends is a key benefit of the Listed Investment Company structure.
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