|F&P Healthcare Dividend History.|
Please note that the bar chart below utilizes only the declared dividend and any Special dividend. It DOES NOT include
imputation credits (for NZ residents) and /or supplementary dividends (which are for non residents). Information on
Imputation credits and Supplementary dividends may be either found further down this page or on the NZX website.
Dividend Reinvestment Plan
Suspension of Dividend Reinvestment Plan
Given the company’s strong performance over the last five years and reduction of debt to below the target gearing range, on 24 May 2019 the Board determined to suspend the dividend reinvestment plan (DRP). As a result, shareholders who have previously elected to participate in the DRP will receive dividends in cash for the 2019 final dividend and future dividends until such time as the Board determines otherwise.
History of Dividend Reinvestment Plan
Fisher & Paykel Healthcare established a dividend reinvestment plan (DRP) in 2009 under which shareholders were previously able to elect to reinvest all or part of their cash dividends in additional Fisher & Paykel Healthcare shares. The DRP was suspended in May 2019.
The DRP Offer Document below explains how the plan operated.
Dividend Reinvestment Plan Offer Document
The payment and amount of dividends will be decided by the board of Fisher & Paykel Healthcare Corporation Limited (“Fisher & Paykel Healthcare”). It is the current intention of the directors of Fisher & Paykel Healthcare to distribute dividends in accordance with the following dividend policy:
The directors have established a target debt to debt plus equity ratio in the range of +5% to -5% (excluding unrealised financial instrument gains or losses) to support business growth and operation of its foreign currency hedging policy. The company expects that a dividend pay-out ratio of approximately 70% of net profit after tax will be appropriate to achieve and maintain that target gearing.
Dividends will be paid in the period following that to which they relate, with the dividend payout dates being December and July of each year.
To the extent they are available, it is the intention of the board to attach imputation credits to dividends.
The payment and amount of any future dividends will be at the discretion of the board after taking into account various factors the board deems relevant. These factors may include Fisher & Paykel Healthcare`s financial condition, operating results, current and anticipated cash needs, plans for expansion and debt covenants.
Under the imputation regime, New Zealand tax paid gives rise to imputation credits that can be attached to dividends paid to shareholders. New Zealand tax resident shareholders can offset these imputation credits to reduce their income tax liability in respect of that dividend. The amount of the dividend and the imputation credits (together the "gross" dividend) must be included in a New Zealand tax resident shareholder`s income tax return. Resident withholding tax will be deducted from a dividend at a rate of 33% to the extent that imputation credits attached to the dividend do not cover the full 33% tax due on the gross dividend.
If a shareholder has a certificate of exemption from resident withholding tax this should be provided to Fisher & Paykel Healthcare`s share registry, Link Market Services Limited.
Non-resident shareholders receiving dividends will generally be subject to non-resident withholding tax. Fisher & Paykel Healthcare generally expects to pay supplementary dividends to non-resident shareholders pursuant to the foreign investor tax credit regime to reduce or eliminate the economic impact of statutory withholding taxes for those non-residents.
Dividends are paid in New Zealand and Australian currency.
The table below provides a historical record of Fisher & Paykel Healthcare`s dividend payments and imputation credits.
|Record Date || ||Gross|
|9 Dec 19||Interim||16.6667cps||12.00cps||4.6667cps||19 Dec 19||N/A||$95,736|
|14 Jun 19||Final||18.7500cps||13.50cps||5.2500cps||5 Jul 19||N/A||$107,589|
|10 Dec 18||Interim||13.5417cps||9.75cps||3.7917cps||21 Dec 18||$12.2559||$77,623|
|22 Jun 18||Final||17.3611cps||12.5cps||4.8611cps||6 Jul 18||$15.0401||$99,266|
|6 Dec 17||Interim||12.1528cps||8.75cps||3.4028cps||20 Dec 17||$13.3583||$69,347|
|FY2018 Totals||29.5139cps||21.25cps||8.2639cps||-||- ||$168,613|
|16 Jun 17||Final||15.6250cps||11.25cps||4.3750cps||7 Jul 17||$11.1285||$88,826|
|7 Dec 16||Interim||11.4583cps||8.25cps||3.2083cps||21 Dec 16||$8.2541||$64,940|
|FY2017 Totals||27.0833cps||19.5cps||7.5833cps||-||- ||$153,766|
|17 Jun 16||Final||13.8888cps||10.0cps||3.8888cps||8 Jul 16||$10.3266||$78,409|
|11 Dec 15||Interim||9.3056cps||6.7cps||2.6056cps||23 Dec 15||$8.4661||$52,284|
|FY2016 Totals||23.1944cps||16.7cps||6.4944cps||-||- ||$130,693|
|19 Jun 15||Final||11.1111cps||8.0cps||3.1111cps||10 Jul 15||$6.9484||$62,017|
|5 Dec 14||Interim||8.0556cps||5.8cps||2.2556cps||19 Dec 14||$6.0532||$44,844|
|FY2015 Totals||19.1667cps||13.8cps||5.3667cps||-||- ||$106,861|
|20 Jun 14||Final||9.7222cps||7.0cps||2.7222cps||4 Jul 14||$4.4924||$53,647|
|6 Dec 13||Interim||7.5000cps||5.4cps||2.1000cps||19 Dec 13||$3.6927||$41,020|
|FY2014 Totals||17.2222cps||12.4cps||4.8222cps||-||- ||$94,667|
|21 Jun 13||Final||9.7222cps||7.0cps||2.7222cps||05 Jul 13||$3.3132||$52,755|
|03 Dec 12||Interim||7.5000cps||5.4cps||2.1000cps||14 Dec 12||$2.5256||$40,357|
|FY2013 Totals||17.2222cps||12.4cps||4.8222cps||-||- ||$93,112|
|22 Jun 12||Final||9.7222cps||7.0cps||2.7222cps||06 Jul 12||$1.8950||$51,533|
|02 Dec 11||Interim||7.5000cps||5.4cps||2.1000cps||16 Dec 11||$2.3124||$39,404|
|FY2012 Totals||17.2222cps||12.4cps||4.8222cps||-||- ||$90,937|
|24 Jun 11||Final||9.7222cps||7.0cps||2.7222cps||08 Jul 11||$2.6341||$50,602|
|03 Dec 10||Interim||7.7143cps||5.4cps||2.3143cps||17 Dec 10||$3.0506||$39,917|
|FY2011 Totals||17.4365cps||12.4cps||5.0365cps||-||- ||$90,519|
|25 Jun 10||Final||10.0000cps||7.0cps||3.0000cps||09 Jul 10||$2.9923||$51,233|
|09 Dec 09||Interim||7.7143cps||5.4cps||2.3143cps||18 Dec 09||$3.3280||$39,465|
|FY2010 Totals||17.7143cps||12.4cps||5.3143cps||-||- ||$90,698|
|19 Jun 09||Final||10.0000cps||7.0cps||3.0000cps||06 Jul 09||$2.8898||$50,956|
|03 Dec 08||Interim||7.7143cps||5.4cps||2.3143cps||12 Dec 08||N/A||$39,305|
|FY2009 Totals||17.7143cps||12.4cps||5.3143cps||-||- ||$90,261|
|18 Jun 08||Final||8.5000cps||7.0cps||1.5000cps||27 Jun 08||N/A||$43,303|
|05 Dec 07||Interim||8.0597cps||5.4cps||2.6597cps||14 Dec 07||N/A||$40,956|
|FY2008 Totals||16.5597cps||12.4cps||4.1597cps||-||- ||$84,259|
|20 Jun 07||Final||10.4478cps||7.0cps||3.4478cps||29 Jun 07||N/A||$53,418|
|22 Nov 06||Interim||8.0597cps||5.4cps||2.6597cps||01 Dec 06||N/A||$41,193|
|16 Jun 06||Final||10.4478cps||7.0cps||3.4478cps||28 Jun 06||N/A||$53,246|
|01 Dec 05||Interim||8.0597cps||5.4cps||2.6597cps||09 Dec 05||N/A||$40,943|
|07 Jun 05||Final||8.6567cps||5.8cps||2.8567cps||17 Jun 05||N/A||$44,031|
|23 Nov 04||Interim||7.4627cps||5.0cps||2.4627cps||03 Dec 04||N/A||$37,925|
|11 Jun 04||Final||8.3582cps||5.6cps||2.7582cps||18 Jun 04||N/A||$42,605|
|28 Nov 03||Interim||7.1642cps||4.8cps||2.3642cps||05 Dec 03||N/A||$36,695|
|13 Jun 03||Final||8.0597cps||5.4cps||2.6597cps||20 Jun 03||N/A||$41,280|
|22 Nov 02||Interim||6.8657cps||4.6cps||2.2657cps||29 Nov 02||N/A||$35,141|
|14 Jun 02||Final||7.4627cps||5.0cps||2.4627cps||27 Jun 02||N/A||$38,189|
1. Our shares were subdivided 5 for 1 on the 1st October 2004. The dividends and imputation credits above have been adjusted for the subdivision.
2. All dividends have been fully imputed other than the final dividend for the year ended 31 March 2008 paid on 27 June 2008 which was 50% imputed.
3. In addition to the above, the company has paid supplementary dividends to eligible non-New Zealand resident shareholders.
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