Cadence Capital Limited announced that the Board has declared a 4.0 cent fully franked half year dividend. This interim dividend equates to an 8.6% annualised fully franked yield or a 12.2% gross yield (grossed up for franking credits) based on the current share price of $0.935 per share. Importantly the Company shares are currently trading at around an 8% discount to pre-tax NTA.

After paying this dividend the Company still has 22 cents per share of profits reserves to pay future dividends. The Ex-Date for the dividend is the 14 April 2023. The payment date for the dividend is the 28 April 2023.