Perpetual Ltd returned $70 million to shareholders after completing an off-market share buy-back.
The wealth manager and trustee on Monday said it had purchased 3.35 million shares, or 7.5 per cent of its issued capital under the buy-back announced on August 26.
Perpetual paid shareholders $20.90 per share, representing a 10 per cent discount to the market price, the company said in a statement.
Of the price paid, $9.22 is the capital component and the remaining $11.68 a fully franked dividend.
Shareholders will receive payments by October 21.
By 1426 AEDT Perpetual’s shares were 61 cents, or 2.67 per cent higher at $23.47.