Financials
Find contact details for Chorus analysts and information on dividend guidance and our reinvestment plan. For all financial reports check out the Reports page.
Dividend information
Dividend Guidance
The Board expects to update the dividend policy once the Commission finalises the value of our regulated asset base and regulated revenue for fibre, currently due in June 2021. Until then, the Board expects to be able to provide shareholders with modest dividend growth, subject to no material adverse changes in circumstance or outlook.
FY20 dividend guidance
For FY20, we expect to pay a dividend of 24 cents per share, subject to no material adverse changes in circumstances or outlook.
Transitioning to a cash flow based dividend policy
Our expectation is from FY22 we will transition to a dividend policy based on a pay-out range of free cash flow that reflects:
• comparable Australasian infrastructure and utility-like businesses that pay out the majority of FCF
• a focus on providing shareholders with dividend predictability, stability and sustainable growth
• robust management of capital expenditure
• maintenance of leverage at levels consistent with a Baa2/BBB credit rating
Dividend Reinvestment Plan
A Dividend Reinvestment Plan is available for shareholders wishing to reinvest all or part of their future dividends in additional Chorus shares. Please see the Plan Ofer Document below for more information. To participate in the Plan, or change your existing participation, please see the Participation Notice below
Dividend History
|
FY20 interim dividend Record date (ASX and NZX): 17 March 2020 Payment date: 14 April 2020 |
NZ10 cents per share, fully imputed NZ1.76 cents per share supplementary dividend* |
|
FY19 final dividend paid 8 October 2019 |
NZ13.5 cents per share, fully imputed NZ2.38 cents per share supplementary dividend* |
|
FY19 interim dividend paid 16 April 2019 |
NZ9.5 cents per share, fully imputed NZ1.68 cents per share supplementary dividend* |
|
FY18 final dividend |
NZ13 cents per share, fully imputed NZ2.2 cents per share supplementary dividend* |
|
FY18 interim dividend paid 17 April 2018 |
NZ9 cents per share, fully imputed NZ1.6 cents per share supplementary dividend* |
|
FY17 final dividend paid 10 October 2017 |
NZ12.5 cents per share, fully imputed NZ2.2 cents per share supplementary dividend* |
|
FY17 interim dividend paid 4 April 2017 |
NZ8.5 cents per share, fully imputed NZ1.5 cents per share supplementary dividend* |
|
FY16 final dividend paid 7 October 2016 |
NZ12.0 cents per share, fully imputed NZ2.12 cents per share supplementary dividend* |
FY16 interim dividend paid 5 April 2016 |
NZ8 cents per share, fully imputed. |
FY15 |
No dividends paid |
FY14 |
No dividends paid |
FY13 final dividend paid 11 October 2013 |
NZ15.5 cents per share, fully imputed. NZ2.7353 cents per share supplementary dividend* |
FY13 interim dividend paid 12 April 2013 |
NZ10.0 cents per share, fully imputed. NZ1.7647 cents per share supplementary dividend* |
FY12 dividend paid 5 October 2012 (for seven months to 30 June 2012 following Chorus'
demerger) |
NZ14.6 cents per share, fully imputed. NZ2.5765 cents per share supplementary dividend* |
* Supplementary dividends are paid to shareholders not resident in New Zealand.
Chorus Analysts
Chorus Ltd is followed by a number of analysts, including those listed below. Please note that any opinions, estimates or forecasts made by analysts regarding Chorus' performance are theirs alone and do not represent opinions, forecasts or predictions of Chorus or its management.
Craigs Investment
Partners
Adrian Allbon
+64 9 969 1070
Jarden
Arie Dekker
+64 9 302 5555
Forsyth Barr
Matt Henry
+64 9 368 0115
Macquarie Equities Ltd
Andrew Levy
+61 2 8232 5165
Morningstar
Brian Han
+61 2 9276 4481
UBS
Phil Campbell
phil.campbell@ubs.com