Dividends and Payments
The FY16 final dividend is 3.6 cents per share, has an ex-dividend date of 12 September 2016, a record date of 13 September 2016, a dividend reinvestment plan (DRP) record date of 14 September 2016 and a payment date of 14 October 2016. The FY16 final dividend is eligible for Steadfast's DRP at no discount.
The Directors of Steadfast intend to target a dividend payout ratio in the range of 65% to 85% of net profit after tax attributable to members of Steadfast, and a minimum of 50% of net profit after tax before amortisation of intangibles.
The Board expects that dividends will be fully franked and paid in April and October each year.
The Directors do not provide any assurance of the future level of dividends or the extent to which they are fully franked, and there may be periods in respect of which dividends are not paid. However, as a majority of Steadfast’s profits are derived in Australia, significant franking credits are expected to be generated.
Dividend Reinvestment Plan (DRP)
The Directors have established a dividend reinvestment plan (DRP) which is applicable for the current dividend. For a copy of the DRP please click
hereOpens in new window.
You can register for the DRP online (if the market value of your shares is less than $50,000) or fill out the
DRP formOpens in new window and mail it to our Share Registrar, Link Market Services.
To register online,
click hereOpens in new window
and type in your holder number and postcode.
Once logged in, select Payments & Tax from the headings.
Then select Reinvestment Plans from the drop down menu and the page below will appear.
Select Create instruction and follow the prompts.