Announcement of distribution for SPDR MSCI Australia Select High Dividend Yield Fund

State Street Global Advisors (ASX:SYI) has announced a distribution for its SPDR MSCI Australia Select High Dividend Yield Fund for the period ending 31 December 2024. Investors can anticipate a total cash distribution of 38.3372 cents per unit. This is supplemented by 13.4949 cents of franking credits, enhancing the value for unit holders. The distribution will be paid on 13 January 2025, with key dates including an ex-distribution date of 30 December 2024.

Detailed summary of State Street Global Advisors' distribution announcement

State Street Global Advisors has released details of the upcoming distribution for its SPDR MSCI Australia Select High Dividend Yield Fund. The distribution comprises a cash payout of 38.3372 cents per unit, bolstered by franking and foreign tax credits. The breakdown of the distribution includes 79.3959% in franked dividends, offering tax-effective benefits to investors. The company has set a record date of 31 December 2024, with payments to be made on 13 January 2025. A Distribution Reinvestment Plan is available, providing investors the option to reinvest their distributions, although this option is not extended to US investors. The announcement underscores State Street Global Advisors' commitment to delivering value through its high dividend yield strategy, while advising investors to review the product disclosure statement and consult with financial advisors.

Insights from State Street Global Advisors on the distribution

The components of this distribution include a significant portion of franked dividends at 79.3959%, with other components like unfranked dividends and conduit foreign income also included. The Distribution Reinvestment Plan (DRP) is available but excludes US investors.