As announced on 10 February 2016 and in order to provide greater clarity, the Board has formalised Boral’s Dividend Policy, which is intended to reward shareholders relative to profit at the same time as maintaining capital for growth. The Board’s policy is to maintain a dividend payout ratio of between 50% and 70% of earnings before significant items, subject to the Company’s financial position.
Dividend Reinvestment Plan
Following the interim dividend on 24 March 2014, Boral’s Dividend Reinvestment Plan (DRP) has been suspended until further notice. Amendments to the terms and conditions of the DRP have also been notified to shareholders.
For further information on the suspension and amendments to the DRP, please click here to view the letter to shareholders dated 24 March 2014. The amendments notified in the letter did not apply for the interim dividend on 24 March 2014, but will be effective for any subsequent dividends if the DRP is re-activated.
In future, if the DRP is re-activated (or if there is a modification or termination of the DRP), it will be notified by way of an ASX announcement, and the changes will take effect from the date they are notified. Unless a participant cancels or varies their participation, existing DRP elections will continue under the amended DRP terms and conditions if the DRP is re-activated.
If you have any questions or require any additional information regarding the DRP, please contact Boral’s share registry on 1300 730 644.
>ASX Announcement: DRP suspension and amendments
>DRP Terms & Conditions