Dividend information

FY21 dividend guidance

For FY21, we expect to pay a dividend of 25 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