2020 Final Dividend
On 25 February 2020, the Directors declared a 2019 final, fully franked dividend of US 3.6 cents per share. The Company paid a US 14.1 cent dividend for the same period for 2018 final dividend.
The Record Date for eligibility for receiving the dividend is 2 March 2020 and the shares will trade ex-dividend on the ASX from 28 February 2020. Shares purchased on or after the ex-dividend date do not qualify for the dividend. Payment date is 17 March 2020.
Generally, the Board intends, on an annual basis, to distribute cash from operations after debt servicing and corporate cost commitments have been met. The Board will also consider the capital structure of Alumina Limited, the capital requirements for the AWAC business and market conditions. Dividends will be fully franked for the forseeable future.
Dividend Reinvestment Plan
The Directors resolved that the Company's Dividend Reinvestment Plan (DRP) is suspended for this dividend payment.
2020 Final Dividend Currency Exchange Rates
|Dividend 3.6 US cents||Exchange Rate||Dividend per ordinary share in local currency|
|New Zealand cents||0.6233||5.7757|