Dividends
Dividend policy
The payment of a dividend by the Company is at the discretion of the Directors and will be a function of a number of factors, including the general business environment, the operating results and the financial condition of the Company, future funding requirements, capital management initiatives, taxation considerations (including the level of franking credits available), any contractual, legal or regulatory restrictions on the payment of dividends by the Company, and any other factors the Directors may consider relevant.
It is the current intention of the Board to target the distribution of between 40% and 60% of the Company’s annual NPAT. In February 2024, RWC announced a change in the form of the distribution, with the total distribution amount to comprise a cash dividend component and an on-market share buy-back component. The Board’s intention is that the total distribution amount for a period will be allocated approximately 50 per cent to a cash dividend and 50 per cent to on-market share buy-backs.
| Year ended 30 June 2024 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: US2.25cps (AU3.459cps) | Unfranked | 5 April 2024 |
| Final: US2.50cps (AU3.781cps) | Unfranked | 4 October 2024 |
| Year ended 30 June 2023 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: US4.5cps (AU6.493cps) | 10% | 6 April 2023 |
| Final: US5.0cps (AU7.748cps) | Unfranked | 6 October 2023 |
| Year ended 30 June 2022 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: US4.5cps (AU6.285cps) | 20% | 8 April 2022 |
| Final: US5.0cps (AU7.139cps) | 10% | 7 October 2022 |
| Year ended 30 June 2021 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: 6.0cps | 20% | 9 April 2021 |
| Final: 7.0cps | 20% | 8 October 2021 |
| Year ended 30 June 2020 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: 4.5cps | 20% | 9 October 2020 |
| Final: 2.5cps | 20% | 9 October 2020 |
| Year ended 30 June 2019 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: 4.0cps | 100% | 29 March 2019 |
| Final: 5.0cps | 100% | 11 October 2019 |
| Year ended 30 June 2018 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: 3.5cps | 100% | 29 March 2018 |
| Final: 3.0cps | 100% | 10 October 2018 |
| Year ended 30 June 2017 | Franked amount | Dividend payment date |
|---|---|---|
| Interim: 3.0cps | 40% | 31 March 2017 |
| Final: 3.0cps | 100% | 10 October 2017 |
