A dividend of 11.0 cents per share was declared for H1 FY17. The dividend will be fully imputed for New Zealand tax purposes at the rate of 4.2778 imputation credits per share. A supplementary dividend of 1.9412 cents per share will be paid to non-resident shareholders.
A special dividend of 1.5 cents per share has also been declared for H1 FY17. The spcial dividend will be 75% imputed for New Zealand tax purposes at the rate of 0.4375 imputation credits per share. A supplementary dividend of 0.1985 cents per share will be paid to non-resident shareholders.
For FY17, subject to there being no material changes in operating outlook, Spark anticipates paying an annual ordinary dividend of 22 cents per share and a special dividend of 3 cents per share. It is currently anticipated that the H2 FY17 ordinary dividend will be fully imputed and the special dividend at least 75% imputed.
*Based on an exchange rate at 13 February 2017 of NZ$1 to US$0.7197 and a ratio of five ordinary shares per one American Depositary Share. The actual exchange rate used for conversion is determined in the week prior to payment when the Bank of New York Mellon performs the physical currency conversion.
