0315 GMT - Regis Resources' FY 2025 result is close to expectations, and comes with a surprise franked dividend, says Citi analyst Kate McCutcheon. Franked dividends are payout with tax credits, allowing investors to offset tax liabilities. "We were not expecting a franked dividend given RRL noted they had no franking credits on the July call," she says. Regis has been able to pull forward franking credits as it expects to start paying cash tax from 3Q, McCutcheon says. Regis has no formal dividend policy but notes current market conditions are supportive of dividends. Citi reiterates a sell rating and a A$3.80 target on Regis. The stock is down 8.1% at A$4.11.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 21, 2025 23:15 ET (03:15 GMT)
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