Dividend Yield.....


F&P Healthcare Dividend History.

 

IMPORTANT:

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










Dividend Policy







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.

Dividend History

The table below provides a historical record of Fisher & Paykel Healthcare`s dividend payments and imputation credits.
 

Record Date  Gross
Dividend
NZD
Net
Dividend
NZD
Imputation
Credit
NZD
PaidDRP
Strike
Price
NZD
Total Gross
Dividend
NZD000`s

FY2020

9 Dec 19Interim16.6667cps12.00cps4.6667cps19 Dec 19N/A$95,736

FY2019

14 Jun 19Final18.7500cps13.50cps5.2500cps5 Jul 19N/A$107,589
10 Dec 18Interim13.5417cps9.75cps3.7917cps21 Dec 18$12.2559$77,623
FY2019 Totals32.2917cps23.25cps9.0417cps--$185,212

FY2018

22 Jun 18Final17.3611cps12.5cps4.8611cps6 Jul 18$15.0401$99,266
6 Dec 17Interim12.1528cps8.75cps3.4028cps20 Dec 17$13.3583$69,347
FY2018 Totals29.5139cps21.25cps8.2639cps-- $168,613

FY2017

16 Jun 17Final15.6250cps11.25cps4.3750cps7 Jul 17$11.1285$88,826
7 Dec 16Interim11.4583cps8.25cps3.2083cps21 Dec 16$8.2541$64,940
FY2017 Totals27.0833cps19.5cps7.5833cps-- $153,766

FY2016

17 Jun 16Final13.8888cps10.0cps3.8888cps8 Jul 16$10.3266$78,409
11 Dec 15Interim9.3056cps6.7cps2.6056cps23 Dec 15$8.4661$52,284
FY2016 Totals23.1944cps16.7cps6.4944cps-- $130,693

FY2015

19 Jun 15Final11.1111cps8.0cps3.1111cps10 Jul 15$6.9484$62,017
5 Dec 14Interim8.0556cps5.8cps2.2556cps19 Dec 14$6.0532$44,844
FY2015 Totals19.1667cps13.8cps5.3667cps-- $106,861

FY2014

20 Jun 14Final9.7222cps7.0cps2.7222cps4 Jul 14$4.4924$53,647
6 Dec 13Interim7.5000cps5.4cps2.1000cps19 Dec 13$3.6927$41,020
FY2014 Totals17.2222cps12.4cps4.8222cps-- $94,667

FY2013

21 Jun 13Final9.7222cps7.0cps2.7222cps05 Jul 13$3.3132$52,755
03 Dec 12Interim7.5000cps5.4cps2.1000cps14 Dec 12$2.5256$40,357
FY2013 Totals17.2222cps12.4cps4.8222cps-- $93,112

FY2012

22 Jun 12Final9.7222cps7.0cps2.7222cps06 Jul 12$1.8950$51,533
02 Dec 11Interim7.5000cps5.4cps2.1000cps16 Dec 11$2.3124$39,404
FY2012 Totals17.2222cps12.4cps4.8222cps-- $90,937

FY2011

24 Jun 11Final9.7222cps7.0cps2.7222cps08 Jul 11$2.6341$50,602
03 Dec 10Interim7.7143cps5.4cps2.3143cps17 Dec 10$3.0506$39,917
FY2011 Totals17.4365cps12.4cps5.0365cps-- $90,519

FY2010

25 Jun 10Final10.0000cps7.0cps3.0000cps09 Jul 10$2.9923$51,233
09 Dec 09Interim7.7143cps5.4cps2.3143cps18 Dec 09$3.3280$39,465
FY2010 Totals17.7143cps12.4cps5.3143cps-- $90,698

FY2009

19 Jun 09Final10.0000cps7.0cps3.0000cps06 Jul 09$2.8898$50,956
03 Dec 08Interim7.7143cps5.4cps2.3143cps12 Dec 08N/A$39,305
FY2009 Totals17.7143cps12.4cps5.3143cps-- $90,261

FY2008

18 Jun 08Final8.5000cps7.0cps1.5000cps27 Jun 08N/A$43,303
05 Dec 07Interim8.0597cps5.4cps2.6597cps14 Dec 07N/A$40,956
FY2008 Totals16.5597cps12.4cps4.1597cps-- $84,259

FY2007

20 Jun 07Final10.4478cps7.0cps3.4478cps29 Jun 07N/A$53,418
22 Nov 06Interim8.0597cps5.4cps2.6597cps01 Dec 06N/A$41,193
FY2007 Totals18.5075cps12.4cps6.1075cps--$94,611

FY2006

16 Jun 06Final10.4478cps7.0cps3.4478cps28 Jun 06N/A$53,246
01 Dec 05Interim8.0597cps5.4cps2.6597cps09 Dec 05N/A$40,943
FY2006 Totals18.5075cps12.4cps6.1075cps--$94,189

FY2005

07 Jun 05Final8.6567cps5.8cps2.8567cps17 Jun 05N/A$44,031
23 Nov 04Interim7.4627cps5.0cps2.4627cps03 Dec 04N/A$37,925
FY2005 Totals16.1194cps10.8cps5.3194cps--$81,956

FY2004

11 Jun 04Final8.3582cps5.6cps2.7582cps18 Jun 04N/A$42,605
28 Nov 03Interim7.1642cps4.8cps2.3642cps05 Dec 03N/A$36,695
FY2004 Totals15.5224cps10.4cps5.1224cps--$79,300

FY2003

13 Jun 03Final8.0597cps5.4cps2.6597cps20 Jun 03N/A$41,280
22 Nov 02Interim6.8657cps4.6cps2.2657cps29 Nov 02N/A$35,141
FY2003 Totals14.9254cps10.0cps4.9254cps--$76,421

FY2002

14 Jun 02Final7.4627cps5.0cps2.4627cps27 Jun 02N/A$38,189
FY2002 Totals7.4627cps5.0cps2.4627cps--$38,189
 
 

Please Note:
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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