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NZ Refining 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.


Our dividend policy

Our dividend policy is to pay 80% of Free Cash Flow (FCF) as ordinary dividends subject to the Board’s due consideration of the Company’s medium-term asset investment programme, 20% targeted average gearing level and future circumstances, including the profitability, growth opportunities, and the financial and taxation position of Refining NZ. Free Cash Flow is the Net Cash from Operating Activities less normalised stay-in-business capital.

Dividend payments are expected to be split into an interim dividend paid in September and a final dividend paid in March.

It is the intention of the Board to attach imputation credits to dividends to the extent that they are available.

Dividend payments

Summary and upcoming and historical dividends.

DividendRecord datePayment dateAmount
2019 Interim dividend12 September 201919 September 20192 cents per share
2018 Final dividend7 March 201921 March 20194.5 cents per share
2018 Interim dividend13 September 201820 September 20183 cents per share
2017 Final dividend15 March 201822 March 201812 cents per share
2017 Interim dividend14 September 201728 September 20176 cents per share
2016 Final dividend16 March 201730 March 20176 cents per share
2016 Interim dividend8 September 201622 September 20163 cents per share
2015 Final dividend10 March 201624 March 201620 cents per share
2015 Interim dividend10 September 201524 September 20155 cents per share

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