Dividends

You'll find the latest dividend information below.

latest dividend


9.1c

FINAL DIVIDEND 2018

Interim Dividend of 9.1 cents per share (fully-imputed) to be paid on 28 September 2018.

6.0c

INTERIM DIVIDEND 2018

Interim Dividend of 6.0 cents per share (fully-imputed) paid on 3 April 2018.

Our Dividend Policy

Mercury’s dividend policy is to make distributions with a pay-out ratio of 70% to 85% of Free Cash Flow on average over time subject to the board’s due consideration of the Company’s working capital requirements and medium-term asset investment programme; a sustainable financial structure for the company, recognising the Company’s targeted long-term credit rating of BBB+ assigned by S&P (or equivalent from another recognised credit rating agency); and the risks from predicted short and medium-term economic, market and hydrological conditions, and estimated financial performance.

The Board will seek to maintain consistency on a dividend per share basis from year to year while maintaining the dividend pay-out ratio on average over time.

Free Cash Flow is Net Cash Flow from Operating Activities less normalised stay-in-business capital expenditure.

Dividend payments are expected to be split into an interim dividend paid in April, targeting 40% of the total expected dividend for the financial year, and a final dividend paid in September.

It is the intention of the Board to attach imputation credits to dividends to the extent they are available. Details of past dividends and declared dividends announced can be found below under Historical Dividends.

Historical dividends


Dividend

Record Date

Payment Date

Amount

Tax imputation credits for resident shareholders (NZ$)

Supplementary dividend for non-resident shareholders (NZ$)

Australian exchange rate used for shares held on ASX

2018 Final Dividend

13 September

28 September

9.1 cps

3.54 cps

1.61 cps

TBC

2018 Interim Dividend

15 March

3 April

6.0 cps

2.33 cps

1.06 cps

0.9303

2017 Final Dividend

14 September

29 September

8.8 cps

3.42 cps

1.55 cps

0.9158

2017 Special Dividend

14 September

29 September

5.0 cps

1.94 cps

0.88 cps

0.9158

2017 Interim Dividend

15 March

3 April

5.8 cps

2.26 cps

1.02 cps

0.9154

2016 Final Dividend

14 September

30 September

8.6 cps

3.34 cps

1.52 cps

0.9686

2016 Special Dividend

14 September

30 September

4.0 cps

0.00 cps

0.00 cps

0.9686

2016 Interim Dividend

11 March

31 March

5.7 cps

2.22 cps

1.01 cps

0.8948

2015 Special Dividend

14 September

30 September

2.5 cps

0.97 cps

0.44 cps

0.8882

2015 Final Dividend

14 September

30 September

8.4cps

3.27 cps

1.48 cps

0.8882

2015 Interim Dividend

12 March

31 March

5.6 cps

2.18 cps

0.99 cps

0.9622

2015 Special Dividend

20 November

11 December

5.0 cps

1.94 cps

0.88 cps

0.9213

2014 Interim Dividend

12 March

31 March

5.2 cps

2.02 cps

0.92 cps

0.9454

2014 Final Dividend

3 September

30 September

8.3 cps

3.23 cps

1.46 cps

0.8954

2013 Final Dividend

11 September

30 September

7.2 cps

2.80 cps

1.27 cps

0.8775

Dividend

 

Contact us


Have a question about us?

Mercury

Level 3, 109 Carlton Gore Road
P O Box 90399
Auckland 1142

P: 09 308 8200
F: 09 308 8209
 
Email us

Have a question about your shareholding?

Computershare

Level 2, 159 Hurstmere Road
Takapuna, Auckland 0622

P: 09 488 8777
F: 09 488 8787

Email Computershare


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