Dividend Yield.....


Z Energy Ltd. 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 approach to capital management and distribution policy is “better with you than with us.”

This is the opposite of building a ‘war chest’ and keeping cash for what the future might hold. We’re giving it back to shareholders while also reducing debt.

Since listing in 2013 Z Energy has paid cash dividends of $1.77 per share totalling $709 million of cash dividends. Dividend per share has grown from 22.0 cps in FY14 to 43.0 cps at end of FY19 an almost 100% increase in five years.

At our full year earnings in May 2019 the company announced a simplification to the dividend policy.

In doing so, the Board of Z Energy expect to pay ordinary dividends of 70-85% Operating Cashflow less Integrity Capex; where Operating Cashflow is defined as RC EBITDAF less RC Tax and net financing costs.

It is the intention of the Board to impute dividends to the fullest extent possible.

Dividends to Shareholders are subject to Z`s performance and other relevant factors including the Directors` discretion, their assessment of investment opportunities available to Z and Z`s outlook. Dividends, if paid, are expected to be payable in arrears for the six-month period ended 30 September (interim dividend) and 31 March (final dividend).

Interim dividends are expected to be paid in November/December and are expected to represent approximately 35% of the total full year forecast dividend. Final dividends are expected to be paid in May/June following the completion of the relevant financial year.

No guarantee can be given about future dividends, the level of imputation of such dividends (if any) or the extent of pay-out ratios for any future period as these matters will depend upon future events, including the profitability, growth opportunities, and financial and taxation position of Z and its subsidiaries. The payment of dividends by Z will be at the complete discretion of the Board.

graphjuly2019


 

 

Declared dividends - cents per share

DividendPayment dateRecord dateAmount
FY 19 Final Dividend29 May 201917 May 201930.5 cents per share
FY 19 Interim Dividend11 Dec 201823 Nov 201812.5 cents per share
FY 18 Final Dividend30 May 201818 May 201821.9 cents per share
FY 18 Interim Dividend12 Dec 201701 Dec 201710.4 cents per share
FY 17 Final Dividend07 Jun 201726 May 201719.9 cents per share
FY 17 Interim Dividend12 Dec 201625 Nov 20169.4 cents per share
FY 16 Final Dividend08 Jun 201627 May 201618.1 cents per share
FY 16 Interim Dividend02 Dec 201520 Nov 20158.5 cents per share
FY 15 Final Dividend03 Jun 201522 May 201516.5 cents per share
FY 15 Interim Dividend03 Dec 201421 Nov 20147.7 cents per share
FY 14 Final Dividend04 Jun 201423 May 201414.3 cents per share
FY 14 Interim Dividend04 Dec 201322 Nov 20137.7 cents per share


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