VanEck confirms final dividend details

VanEck (ASX:MVW) has confirmed the final dividend payments for its exchange-traded funds (ETFs) as of 31 December 2024. Twelve ETFs are included in this announcement, with specific dividends per unit declared. The VanEck Australian Equal Weight ETF will distribute $0.6500 per unit. Key dates include an ex-dividend date of 2 January 2025 and a record date of 3 January 2025, with payments projected for 17 January 2025.

Comprehensive summary of VanEck's dividend announcement

VanEck has released details of its final dividend payments for 12 ETFs, including the VanEck Australian Equal Weight ETF which will pay $0.6500 per unit. The ex-dividend and record dates are set for early January 2025, with the indicative payment date on 17 January 2025. A dividend reinvestment plan is available, allowing investors to reinvest dividends into additional units. The company emphasizes the importance of investors updating their bank details before the record date and encourages electronic communication to reduce environmental impact. Additional details, including withholding tax components, will be provided in January 2025. Investors are advised to consult the Product Disclosure Statement and seek financial advice, as the information provided is general in nature.

Official commentary on dividend announcement

The dividend reinvestment plan (DRP) is available, allowing dividends to be reinvested into additional units. DRP price will be determined based on net asset value minus the dividend amount as of 31 December 2024. Investors must ensure their bank details are up to date before the record date.