The final dividend of 15 cents per share will be paid to shareholders on 19 september 2019 and will be unimputed and unfranked for nz and australian taxation purposes. Fletcher building dividends dividend history stocks. No imputation credits are attached to this dividend. Dividend history has not been adjusted for any capital reconstructions which may have effected dividend entitlement per share. This is the average of the individual daily volume weighted average sale prices of all pricesetting trades of fletcher building shares sold on the nzsx on each. Documentation for participation is available from the share registry or the website. Fletcher building limited financial results for the year ended 30 june 2010 auckland, 18 august 2010 fletcher building today reported net earnings before. Fletcher building seeks to maintain dividends through economic cycles and to progressively grow the dividend over the medium term. To subscribe to this newsletter please register with the myasx section or visit the about myasx page for past editions and more details.
There will be no discount to the price applied to ordinary shares issued. The dividend reinvestment plan will not be operative for this dividend. We are pleased to deliver a result in line with the earnings guidance provided at the asm, and to be able to reinstate dividend payments. If you wish to reinvest all or part of your dividends, either complete an electronic participation. Fletcher building limited 2019 half year results nzx. View anna wellinghams profile on linkedin, the worlds largest professional community. Ax incorporated on december 19, 2000, is the holding company of the fletcher building group. Fletcher building limiteds fy19 financial results reflect a solid nz performance.
Besides, if reinvestment opportunities dry up, the company has room to increase the dividend. Read this before buying fletcher building limited nzse. We also measure dividends paid against a companys levered free cash flow, to see if enough cash was generated to cover the dividend. Use direct investment plans direct investment plans, also known as dividend reinvestment plans dspps, drps or drips, are plans offered by companies to enable shareholders to invest cash andor dividends directly through the company or its agent to buy additional shares of the companys stock. Your complete guide to drip investing the motley fool. Can i participate in fletcher building s dividend reinvestment plan. Iluka has introduced a new dividend reinvestment plan, under which eligible shareholders are able to invest all or a portion of their dividend entitlements in additional iluka shares. Dividend reinvestment plan price determined fletcher. A dividend reinvestment plan drip is an arrangement that allows shareholders to automatically reinvest a stocks cash dividends into additional or fractional shares of. This is the individual daily volume weighted average sale prices of pricesetting trades of fletcher building shares sold on the nzsx on each of the five business days immediately following the nzx ex dividend date of 28 march. The company arose in march 2001 as the standalone entity, having been formerly listed as the building shares of fletcher challenge ltd. Dividend reinvestment plan drp the company has a drp however it is currently suspended pending completion of the onmarket share buyback. Details of the plan, including a summary of its key features, are set out in this offer document.
Fletcher building limited dividend reinvestment plan fletcher building limited operates a dividend reinvestment plan under which shareholders may choose to reinvest all or part of their cash dividends in additional fletcher building shares. This is the volume weighted average price of the pricesetting trades of fletcher building shares sold on the new zealand exchange in the five business days immediately following the dividend record date of 21 september 2007 in terms of the dividend. In some cases, companies charge no fees for purchasing stocks through drips. This summary is of a general nature and the tax rates used and the calculations are intended for guidance only. Pros and cons of dividend reinvestment plans drps asx. Fletcher building profits up 71pc on sales growth, one off. Most dividend reinvestment plans also permit investors to make voluntary cash payments directly into the plans to purchase shares.
Fy19 was a year of solid execution against the companys strategy. Please contact our share registrar boardroom pty limited to request an application form and a copy of the drp terms and conditions. As individual circumstances will vary, shareholders are advised to seek independent tax advice. Fletcher building chief executive mark adamson said that the result was driven by an excellent performance by the.
Notwithstanding the dividend policies above, and subject to the limitation on dividends in respect of fletcher building shares, the board of directors of fletcher building has an absolute discretion to change its intentions, to increase or reduce dividends, or to not authorise any dividends at all on fletcher building shares. The dividend reinvestment plan will be operative for this dividend payment. Backfletcher building fy19 results and annual report 2182019, 8. Backdividend reinvestment plan price determined 3032017, 2. Backdividend reinvestment plan price determined 2992017, 3. Fletcher building announces return to profitability, dividend declared auckland, 20 february 2019. This is the average of the individual daily volume weighted average sale prices of all pricesetting trades of fletcher building shares sold on the nzsx on each of the five business days from and including the ex dividend date of 23 march 2017 pursuant to the terms of the dividend reinvestment plan offer document. When stocks you own pay you a dividend, a drip automatically reinvests those dividends into additional shares of the same stock, instead of just adding cash to your brokerage account. The best dividend reinvestment plans for 2018 forbes. Investors purchase shares with dividends that the company reinvests for them in additional shares. This plan replaces the previous iluka dividend reinvestment plan introduced in 2007 which was suspended in 2010 and has been terminated by the board of directors. The dividend reinvestment plan will not be operative for this dividend payment. This is the volume weighted average price of the pricesetting trades of fletcher building shares sold on the nzsx in the five business days immediately following the nzx ex dividend date of 28 september 2011 in terms of the dividend reinvestment plan offer. The financial year that the dividend is allocated depends on the payment date of the dividend, not the ex dividend date.
Fletcher building returns to profit in year of strong execution. Fletcher building fy19 results and annual report nzx. The fletcher building limited dividend reinvestment plan plan operates for shares in fletcher building limited fletcher building. However, any dividends received on shares that you hold in the plan will be invested in further shares, which will be held in the plan and will also be eligible for award shares. Fletcher building chief executive officer mark adamson said the result was driven by strong performances in the building. Backfbl dividend reinvestment plan price determined 542012, 1. The target dividend payout ratio, in the range of 50% to 75% of net earnings, is intended to provide sufficient flexibility for dividends to be maintained despite variations in economic conditions. Ward favoured a discounted dividend reinvestment plan, which would.
Fletcher building back in the black, but not out of the. Latest market news archives sequoia direct pty ltd. Fletcher building chief executive officer mark adamson said the result was driven by a 29 per cent uplift in operating earnings from fletcher building s australian businesses, coupled with strong growth in operating earnings in new zealand in the distribution. Fletcher building chief executive mark adamson said that the result was driven by an excellent performance by the distribution and international businesses which both reported increases in operating earnings in excess of 30% versus the previous comparable period.
Best dividend capture stocks recover quickly after their exdividend date, allowing traders to earn a significant return in a short amount of time, simply by capturing the dividend without suffering the price depreciation. Fletcher building limited, together with its subsidiaries, manufactures and distributes building products in new zealand, australia, north america, asia, europe, and internationally. The dividend reinvestment plan will not be operative for the final dividend payment. Pros and cons of dividend reinvestment plans drps this article appeared in the september 2014 asx investor update email newsletter. Fletcher meets guidance as fullyear profit climbs 71% on sales growth, onetime gains fletcher building posted a 71 percent gain fletcher building profits up 71pc on sales growth, one off gains. Fletcher building chief executive officer mark adamson said the result was driven by a 29 per cent uplift in operating. The downloadable drp offer document to the right of page explains how the plan works, and includes the participation notice should you wish to participate.
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