You'll find the latest dividend information below.
6.4c INTERIM DIVIDEND 2020 (fully-imputed) to be paid on 1 April 2020.
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.
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
2020 Interim Dividend
13 March
1 April
6.4 cps
2.49 cps
1.13 cps
TBC
2019 Final Dividend
13 September
30 September
9.3 cps
3.62 cps
1.64 cps
0.9269
2019 Interim Dividend
14 March
6.2 cps
2.41 cps
1.09 cps
0.9669
2018 Final Dividend
28 September
9.1 cps
3.54 cps
1.61 cps
0.9100
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
5.0 cps
1.94 cps
0.88 cps
2017 Interim Dividend
5.8 cps
2.26 cps
1.02 cps
0.9154
2016 Final Dividend
8.6 cps
3.34 cps
1.52 cps
0.9686
2016 Special Dividend
4.0 cps
0.00 cps
2016 Interim Dividend
11 March
31 March
5.7 cps
2.22 cps
1.01 cps
0.8948
2015 Special Dividend
2.5 cps
0.97 cps
0.44 cps
0.8882
2015 Final Dividend
8.4cps
3.27 cps
1.48 cps
2015 Interim Dividend
12 March
5.6 cps
2.18 cps
0.99 cps
0.9622
20 November
11 December
0.9213
2014 Interim Dividend
5.2 cps
2.02 cps
0.92 cps
0.9454
2014 Final Dividend
3 September
8.3 cps
3.23 cps
1.46 cps
0.8954
2013 Final Dividend
11 September
7.2 cps
2.80 cps
1.27 cps
0.8775
Mercury Office
Computershare Level 2, 159 Hurstmere Road Takapuna, Auckland 0622
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