Dividend Policy
NZKS targeted dividend payout ratio is 50% of normalised Net Profit After Tax and reflects an ongoing investment required to improve overall fish performance / quality and unlock the full environmental and economic potential from the existing farm consents. We anticipate that any dividends will be fully imputed.
Dividends are declared at the Board’s discretion and will depend on our financial performance. The payment of dividends is not guaranteed, and our dividend policy may change over time. In declaring dividends, New Zealand King Salmon must comply with the solvency test under the Companies Act and the covenants in our banking facilities.
| Dividend | Record Date | Payment Date | Amount | Tax imputation credits (NZ$) | Supplementary dividend (NZ$) | Australian FX rate used shares on ASX |
| 2017 Interim Dividend | 15 Mar 2017 | 24 Mar 2017
| 2cps | 0.7777cps | 0.3529cps | 0.9086 |
| 2017 Final Dividend | 7 Sept 2017 | 18 Sept 2017 | 2cps | 0.7777cps | 0.3529cps | 0.8907 |
| 2017 Special Dividend | 7 Sept 2017 | 18 Sept 2017 | 1cps | 0.3889cps | 0.1765cps | 0.8907 |
| 2018 Interim Dividend | 15 Mar 2018 | 23 Mar 2018 | 2cps | 0.7777cps | 0.3529cps | 0.9257 |
| 2018 Final Dividend | 12 Sept 2018 | 21 Sep 2018 | 3cps | 1.1667cps | 0.5294cps | 0.9067 |
| 2019 Interim Dividend | 13 Mar 2019 | 22 Mar 2019 | 2cps | 0.7777cps | 0.3529cps | 0.9567 |
| 2019 Final Dividend | 6 Sept 2019 | 20 Sept 2019 | 3cps | 1.1667cps | 0.5294cps | 0.9259 |
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