Spark pays dividends on a semi-annual basis. A 100% imputed ordinary dividend of 12.5 cents per share was declared for H2 FY20.
For FY21, subject to no material adverse changes in operating outlook, Spark anticipates paying an annual total dividend of 23-25 cents per share 100% imputed.
The dividend reinvestment plan has been reinstated for the H2 FY20 dividend after being suspended in 2015. Shares issued under the dividend reinvestment plan will be issued at a 2% discount to the prevailing market price around the time of issue. The last date for shareholders to elect to participate in the dividend reinvestment plan for the H2 FY20 dividend is 21 September 2020.
If shareholders previously participated in the dividend reinvestment plan they will need to re-elect to participate. Previous elections have not been retained.
Spark’s Dividend Reinvestment Plan Offer Document and Participation Notice can be found on the Dividend Reinvestment Plan page of this website.
*Based on the exchange rate of NZ$1 to US$0.6616949 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 performs the physical currency conversion.
**Supplementary dividends are paid to non-resident shareholders.
