Mirrabooka Investments (ASX:MIR) announced its half-year financial results, showing a stable profit of $4.6 million for the six months ended Dec. 31, 2024, consistent with the same period in 2023.
Mirrabooka's portfolio return including franking credits was 11.5%, outperforming the 7.5% return of the combined Small Ordinaries and Mid Cap 50 sector benchmark for the same period.
Revenue from operating activities was $6.2 million, a decrease of 5.8% from the previous period, excluding capital gains.
The board declared an interim dividend of 4.5 cents per share, fully franked at 30%, an increase from last year's 4 cents.
The dividend will be paid on Feb. 18.
Mark Freeman, Managing Director, stated, "Our focus on high-quality businesses has supported our portfolio’s strong performance, even amidst apparent high valuations in the small and mid-cap segment."
Shareholders can participate in the dividend reinvestment plan and dividend substitution share plan for nil discount.
The final date for election notice is Jan. 28.
Mirrabooka Investments is an investment company that specialises in investing in small- and mid-sized companies in Australia and New Zealand.