| Dividend declared (NZ cents per Share) | Underlying payout ratio (%) | Franking (%) (Australia) | Imputation (%) (NZ) | DRP available? | |
|---|---|---|---|---|---|
| FY25 – final dividend | 61.5 | 83.8% | 100% | 25% | Yes |
| FY25 – interim dividend | 57.0 | 77.3% | 100% | 25% | Yes |
| FY24 – final dividend | 61.5 | 69.5% | 100% | 25% | Yes |
| FY24 – interim dividend | 57.0 | 66.4% | 100% | 25% | Yes |
| FY23 – final dividend | 57.0 | 68.5% | 100% | 25% | No |
| FY23 – interim dividend | 53.0 | 69.8% | 100% | 25% | Yes |
| FY22 – final dividend | 49.0 | 74.2% | 100% | 25% | Yes |
| FY22 – interim dividend | 47.0 | 77.4% | 100% | 25% | No |
| FY21 – final dividend | 46.0 | 72.0% | 100% | 25% | No |
| FY21 – interim dividend | 42.5 | 69.0% | 100% | 25% | No |
| FY20 – final dividend | 40.0 | 70.9% | 100% | 25% | Yes |
| FY20 – interim dividend | 37.5 | 70.2% | 100% | 25% | Yes |
| FY19 – final dividend | 37.0 | 64.8% | 100% | 25% | Yes |
| FY19 – interim dividend | 34.5 | 67.0% | 100% | 25% | Yes |
| FY18 – final dividend | 35.5 | 70.0% | 100% | 25% | No |
| FY18 – interim dividend | 33.0 | 66.0% | 100% | 25% | No |
| FY17 – final dividend | 33.0 | 71.8% | 100% | 25% | No |
| FY17 – interim dividend | 30.0 | 66.0% | 100% | 25% | No |
| FY16 – final dividend | 32.5 | 70.0% | 100% | 25% | No |
| FY16 – interim dividend | 26.0 | 61.0% | 100% | 25% | No |
| FY15 – final dividend | 25.0 | 67.0% | 0% | 25% | Yes |
| FY15 – interim dividend | 22.0 | 61.0% | 0% | 30% | Yes |
| FY14 – final dividend | 20.5 | 66.0% | 0% | 35% | Yes |
| FY14 – interim dividend | 20.5 | 60.3% | 0% | 50% | Yes |
Underlying payout ratio sourced from investor presentations in their respective period
Underlying dividend payout ratio for final dividend represents the underlying payout ratio for the full financial year
Underlying dividend payout ratio for interim dividend represents the underlying payout ratio for the interim period
