The Board is pleased to confirm that, based on current projections for the portfolio, the dividend is expected to increase in the 2017 financial year to 6.10 cents per share, fully payable from net distributable income.
Argosy is a listed Portfolio Investment Entity, or PIE, for New Zealand income tax purposes. For further advice, we recommend you speak to your financial advisor or tax agent.
Dividend Reinvestment Plan
We operate a Dividend Reinvestment Plan (“DRP”) which provides shareholders with the opportunity to reinvest distributions into shares. The price for these shares is equal to the weighted average of the prices at which shares in the Company are sold through NZX during the period of seven days immediately following the record date for the relevant distribution, less a discount (if any) of up to 5% of the price, (0% at March 2017). The DRP gives you the option to acquire additional shares without paying brokerage, commissions or other transaction costs. Participation in the DRP is optional. Contact Computershare if you’d like to register for the DRP (see contact details below).
Next key date: 20 December 2017
The 2nd quarter dividend of 1.550 cents per share will be paid on 20 December 2017.