Dividend Policies

Dividend Policy

The Company does not have a firm policy of distributing a fixed percentage of earnings by way of dividend in any one year.

Factors that are taken into account by the Directors when deciding on annual dividend payouts to shareholders include current and forecast earnings, internal capital requirements, growth options and the Company's overall debt/equity position.

The total dividends paid out to Shareholders over the past 5 years have been as follows:

  2016/17 2015/16 2014/15 2013/14 2012/13 2011/12 2010/11
 
Interim dividend A 2.5c NZ 2.5c NZ 2.5c NZ 2.5c NZ 2.5c NZ 2.0c NZ 1.5c
Final dividend A 2.5c A 2.5c NZ 2.5c NZ 4.0c NZ 4.0c NZ 3.5c NZ 3.0c
 
Interim Dividend - Franked % 50% 0% 100% 100% 100% 100% 100%
Interim Dividend - Imputed % 100% 0% 0% 0% 0% 0% 0%
 
Final Dividend - Franked % 0% 100% 0% 100% 100% 100% 100%
Final Dividend - Imputed % 100% 100% 0% 0% 0% 0% 0%
 
Dividends paid (AUD) 19,372,000 18,199,000 18,280,000 22,642,000 21,270,000 16,751,000 13,214,000
Percentage of net profit after tax paid out 59.3% 93.0% 65.9% 90.4% 66.3% 59.4% 50.2%
NPAT 32,648,000 19,577,000 27,754,000 25,041,000 32,099,000 28,210,000 26,306,000

* 2,588.55 staff share dividend excluded - paid 11/1/13.



 

Dividend Reinvestment Policy

The Board has considered the introduction of a dividend reinvestment plan in the past, but currently has no plans to introduce such a plan.