The board of Pengana International Equities Limited declared a dividend of 1.35 cents per share, fully franked at a 30% tax rate, for the quarter ending 31 March 2022. The dividend will be paid on 15 June 2022 to shareholders on the PIA register as at the record date of 1 June 2022. At the current share price of $1.09 (as at close of business 19 April 2022), an annual dividend of 5.4 cents per share equates to a 5.0% yield on a cash basis or a 7.1% yield when grossed-up for franking credits (at a tax rate of 30%).