The Perpetual Equity Investment Company Ltd (ASX: PIC) share price is in focus today after the company reported a net profit after tax of $12.1 million for FY26 and declared a fully franked full-year dividend of 8.0 cents per share, consistent with the previous year.
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What did Perpetual Equity Investment Company report?
- Net profit after tax (NPAT): $12.1 million for FY26
- Fully franked full-year dividend: 8.0 cents per share, matching FY25
- Dividend yield: 6.8%, grossed-up yield of 9.7% based on a share price of $1.18
- Profit reserve: $63 million, providing 2.0 years of dividend coverage
- 5-year investment performance: 5% p.a. (NTA, post-fees, pre-tax)
What else do investors need to know?
Perpetual Equity Investment Company will move from paying semi-annual dividends to monthly dividends, with the first scheduled for December 2026—subject to Board approval. This change aims to give shareholders, especially those focused on regular income, timelier access to profits.
For FY26, the Company's portfolio returned 2.8%, trailing the S&P/ASX 300 Accumulation Index's 6.2%. At 30 June 2026, the portfolio held 77.9% in Australian listed securities, 15.6% in global listed securities, and 6.5% in cash.
What did Perpetual Equity Investment Company management say?
PIC Chairman Nancy Fox AM stated:
We are pleased to deliver another year of strong fully franked dividend income for PIC shareholders. The total FY26 dividend of 8.0 cents per share equates to an annual dividend yield of 6.8% and grossed up yield of 9.7%. This compares favourably to the dividend yield of the S&P/ASX 300 Accumulation Index which was 3.1% as at 30 June 2026. Earlier this month, we announced that PIC will transition from semi-annual to monthly dividend payments… The Board remains focused on prudent capital management to ensure the overall position of the Company remains strong.
What's next for Perpetual Equity Investment Company?
Looking ahead, the move to monthly dividends is expected to appeal to income-focused investors. The Board plans to maintain a strong focus on capital management and dividend sustainability, backed by a sizable profit reserve.
Management's disciplined approach will continue to prioritise high-quality businesses, with a view to navigating ongoing market volatility and seeking out value opportunities for shareholders.
Perpetual Equity Investment Company share price snapshot
Over the past 12 months, Perpetual shares have declined 5%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
