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Fitell Corporation Announces Interim Dividend and Shareholder Loyalty Program
Globenewswireยท 2025-12-02 13:30
Core Viewpoint - Fitell Corporation has announced two initiatives aimed at returning value to shareholders: an interim dividend and a one-time shareholder loyalty program, reflecting the company's commitment to enhancing long-term investor alignment with its growth strategy [1][5]. Interim Dividend - The Board has declared an interim dividend of $0.10 per share, payable in cash on January 13, 2026, to shareholders of record as of December 30, 2025, with an ex-dividend date of December 29, 2025 [2]. - This dividend is a result of Fitell's improved cash and digital asset position, demonstrating the Board's commitment to returning capital to shareholders while supporting growth initiatives in fitness, corporate treasury management, and robotics [2]. Shareholder Loyalty Program - The company has introduced a one-time shareholder loyalty payment of up to $0.15 per share for eligible shareholders who transfer their shares into book-entry form by December 29, 2025 [3]. - Eligible shareholders can receive up to three tranches of loyalty payments if they maintain continuous ownership for 30 to 90 calendar days, with payments structured as follows: $0.05 after 30 days, an additional $0.05 after 60 days, and another $0.05 after 90 days [7]. Management Commentary - The CEO of Fitell expressed confidence in the company's balance sheet and operational outlook, stating that the timing is appropriate to return value to shareholders while reinforcing long-term value across various business segments [5]. Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, operates as an online retailer of gym and fitness equipment in Australia, serving over 100,000 customers and focusing on building a comprehensive fitness and wellness ecosystem powered by technology [9].