Spark pays dividends on a semi-annual basis. A 75% imputed ordinary dividend of 11 cents per share was declared for H1 FY18, together with a 75% imputed special dividend of 1.5 cents per share. A 75% imputed ordinary dividend of 11 cents per share has also been declared for H2 FY18, together with a 75% imputed special dividend of 1.5 cents per share, bringing the total dividends for FY18 to 25 cents per share, consistent with FY17.
For FY19, subject to there being no material adverse changes in operating outlook, Spark anticipates paying an annual total dividend of 25 cents per share. This is likely to be made up of an ordinary dividend determined by earnings, topped up by a special dividend to maintain a total dividend of 25 cents per share. It is currently anticipated that the FY19 ordinary and special dividend will be at least 75% imputed. The dividend reinvestment plan remains suspended.
*Based on the exchange rate at 15 August 2018 of NZ$1 to US$0.6576 and a ratio of five ordinary shares per one American Depositary Share. The actual exchange rate 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.
