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Future Generation Australia INVESTMENT & SOCIAL RETURNS ASX announcement & media release 26 August 2021 Record profit , increased fully franked interim dividend and seventh social investment in young Australians at risk + 15.4 % increase in fully franked interim dividend , to 3.0 cents per share + 33.6 % record investment portfolio performance for the 12 - month period to 30 June 2021 $ 12.7m $ 5.3m estimated value of savings from management and performance fees forgone per annum record social investment in charity partners with a focus on young Australians at risk Increased fully franked interim dividend of 3.0 cents per share The Future Generation Australia Board of Directors has declared a fully franked interim dividend of 3.0 cents per share , representing a 15.4 % increase on the FY2020 fully franked interim dividend . Future Generation Australia ( ASX : FGX ) has achieved a record operating profit before tax of $ 64.8 million ( 2020 : $ 38.3 million restated loss before tax ) and a record operating profit after tax of $ 47.3 million ( 2020 : $ 24.9 million restated loss after tax ) for the six - month period to 30 June 2021 # . The investment portfolio increased by a record 33.6 % over the 12 - months to 30 June 2021 , outperforming the S & P / ASX All Ordinaries Accumulation Index by 3.4 % . Since inception , the investment portfolio has increased 10.8 % per annum , outperforming the Index with less volatility , as measured by standard deviation . The strong performance of the investment portfolio drove a growth in assets , that combined with the increased fully franked dividends paid and the narrowing of the share price discount to net tangible assets , resulted in a record total shareholder return of 51.0 % for the 12 - month period to 30 June 2021 . Solid risk - adjusted portfolio performance The increased fully franked interim dividend has been achieved through the solid risk- adjusted performance of the investment portfolio since inception and the profits reserve available , and is consistent with the Company's objective of delivering investors a stream of fully franked dividends . Chair Jonathan Trollip said : “ I would like to thank all shareholders for their support of Future Generation Australia and its charity partners during what has been an extremely challenging year . The Board of Directors is pleased to declare an increased fully franked interim dividend of 3.0 cents per share to be delivered to shareholders , which has been achieved through the profits reserve available and the solid risk - adjusted returns of the investment portfolio . " The fully franked interim dividend represents an annualised fully franked dividend of 6.0 cents per share , providing shareholders with a fully franked dividend yield of 4.2 % and a grossed - up dividend yield of 6.0 % " based on the 25 August 2021 closing share price of $ 1.44 per share . The Company has a profits reserve of 27.1 cents per share as at 30 June 2021 , representing 4.5 years of dividend coverage for shareholders , based on the annualised fully franked interim dividend . Investment portfolio performance is before expenses , fees and taxes to compare to the relevant index which is also before expenses , fees and taxes . * The HY2021 interim profit figures are unaudited . Reviewed half - year results will be announced to the market by 31 August 2021 . " Grossed - up dividend yield includes the benefit of franking credits and is based on a tax rate of 30.0 % . * Before the payment of the fully franked interim dividend of 3.0 cents per share . futuregeninvest.com.au