CryptoCurrency
Fitell Corp (FTEL) Stock: Company Announces $3 Million Buyback Program and Dividend
TLDR
- Fitell Corporation approved a $3 million share repurchase program on November 27, 2025, allowing buybacks over the next 24 months
- The Board declared an interim dividend of $0.10 per share, payable January 13, 2026, to shareholders of record as of December 30, 2025
- Fitell launched a one-time Shareholder Loyalty Program offering up to $0.15 per share in three tranches for shareholders maintaining book-entry ownership for 30 to 90 days
- Shareholders must transfer shares to book-entry form with Vstock Transfer by December 29, 2025, to qualify for the loyalty program
- Insiders including officers, directors, and employees are not eligible to participate in the Shareholder Loyalty Program
Fitell Corporation has announced multiple shareholder-focused initiatives in quick succession. The moves come as the company looks to return capital while expanding across fitness, corporate treasury management, and robotics.
The Board approved a $3 million share repurchase program on November 27, 2025. The program allows the company to buy back Class A ordinary shares over the next 24 months. Rodman & Renshaw LLC will serve as the broker for the buyback.
The company followed up with two new shareholder initiatives announced on December 2, 2025. First, the Board declared an interim dividend of $0.10 per share payable in cash. Shareholders of record as of December 30, 2025, will receive the payment on January 13, 2026.
The ex-dividend date is set for December 29, 2025.
Shareholder Loyalty Program Details
The second initiative is a one-time Shareholder Loyalty Program. Eligible shareholders can receive up to $0.15 per share in three separate payments.
The program requires shareholders to transfer their shares into book-entry form with Vstock Transfer by December 29, 2025. This is the loyalty program start and record date.
Shareholders who maintain continuous book-entry ownership will receive payments at specific intervals. The first tranche pays $0.05 after 30 days. The second tranche pays another $0.05 after 60 days.
The third and final tranche pays $0.05 after 90 days. Each payment is scheduled for approximately 15 days after the tranche period expires.
The enrollment period runs from December 29, 2025, through March 28, 2026. Officers, directors, and employees cannot participate in the program.
To participate, shareholders must instruct their brokers to transfer shares via DTC DWAC to Vstock Transfer. The process requires a $125 processing fee. Vstock Transfer’s DTC DWAC withdrawal number is 50236.
Transfer Process and Restrictions
Shares held in book entry cannot be lent to third parties without shareholder consent. Shareholders can transfer shares back to their brokers via DRS transfer. However, shares must remain in book entry from the record date through each tranche-end date to qualify for payments.
CEO Sam Lu commented on the initiatives. “Our Interim Dividend and Shareholder Loyalty Program reflect our continued confidence in our balance sheet position and operational outlook, following FY2025 financial results,” Lu said.
Lu added that the company believes now is the right time to return value to shareholders. He mentioned the company’s focus on corporate treasury management, fitness operations, and the newly unveiled robotics joint venture, 2F Robotics.
The company operates through its subsidiary GD Wellness Pty Ltd. It sells gym and fitness equipment online in Australia under brands including Muscle Motion, Rapid Motion, and FleetX.
Fitell’s current market cap stands at $2.07 million with an average trading volume of 1,286,019 shares. The company filed a Form 6-K with the SEC alongside the announcement of the dividend and loyalty program.
