Dividends and share prices


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Dividends and share prices
Dividends

The Company pays dividends three times a year as follows:

First interim announced at the Annual Meeting in early November and payable in early December
Second interim announced together with the half year result in mid February and payable in early March
Final dividend announced together with the annual result in late August and payable in early October

The Directors do not expect the Company's ability to pay fully imputed dividends to change in the foreseeable future.

The Company has established a dividend reinvestment plan under which shareholders may elect to reinvest the net proceeds of cash dividends to be paid or credited on some or all of their ordinary shares held in the Company from time to time towards acquiring further fully paid up ordinary shares in the Company.

The Directors may, in their sole discretion, at any time terminate, suspend or modify the plan.

The terms and conditions of the plan can be obtained from the Company's share registrar, Computershare Investor Services Ltd, Private Bag 92119, Auckland 1142. Alternatively, a copy can also be viewed on this web site.

Shareholders who receive their dividends in cash have the option of having a dividend cheque mailed to them or having the payment directly credited to their nominated bank accounts in New Zealand.

The Company strongly recommends that shareholders choose to have their dividend payments directly credited to their nominated bank accounts in New Zealand. To do this, shareholders should contact the Company's share registrar. Web site: http://www.computershare.co.nz/

History of dividends paid

Year Type Amount Imputation credits Supplementary dividend Date Paid/Payable
cents/share* cents/share* cents/share*
2010 1st Interim 3.00 1.48 0.53 11-Dec-09
2nd Interim 4.00 1.98 0.71 19-Mar-10
Final -Oct-10
Total
2009 1st Interim 3.00 1.48 0.53 5-Dec-08
2nd Interim 4.00 1.98 0.71 13-Mar-09
Final 8.00 3.94 1.41 16-Oct-09
Total 15.00 7.40 2.65
2008 1st Interim 3.00 1.48 0.53 7-Dec-07
2nd Interim 6.00 2.96 1.06 14-Mar-08
Final 11.00 5.42 1.94 3-Oct-08
Total 20.00 9.86 3.53
2007 1st Interim 3.00 1.48 0.53 8-Dec-06
2nd Interim 5.50 2.71 0.97 16-Mar-07
Final 10.50 5.17 1.85 5-Oct-07
Total 19.00 9.36 3.35
2006 1st Interim 3.00 1.48 0.53 9-Dec-05
2nd Interim 5.00 2.46 0.88 17-Mar-06
Final 10.00 4.92 1.76 6-Oct-06
Total 18.00 8.86 3.17
2005 1st Interim 4.50 2.22 0.79 10-Dec-04
2nd Interim 8.00 3.94 1.41 11-Mar-05
Final 14.50 7.14 2.56 7-Oct-05
Total 27.00 13.30 4.76
2004 1st Interim 4.50 2.22 0.79 5-Dec-03
2nd Interim 8.00 3.94 1.41 12-Mar-04
Final 14.50 7.14 2.56 8-Oct-04
Total 27.00 13.30 4.76
2003 1st Interim 4.50 2.22 0.79 6-Dec-02
2nd Interim 7.50 3.69 1.32 14-Mar-03
Final 13.00 6.40 2.29 10-Oct-03
Total 25.00 12.31 4.40
2002 1st Interim 3.50 1.72 0.62 7-Dec-01
2nd Interim 5.75 2.83 1.01 15-Mar-02
Final 8.75 4.31 1.54 11-Oct-02
Total 18.00 8.86 3.17
2001 1st Interim 3.00 1.48 0.53 8-Dec-00
2nd Interim 5.00 2.46 0.88 16-Mar-01
Final 8.00 3.94 1.41 12-Oct-01
Total 16.00 7.88 2.82
2000 1st Interim 3.00 1.48 0.53 10-Dec-99
2nd Interim 5.00 2.46 0.88 17-Mar-00
Final 7.00 3.45 1.24 6-Oct-00
Total 15.00 7.39 2.65
1999 1st Interim 3.00 1.48 0.53 4-Dec-98
2nd Interim 4.00 1.97 0.71 19-Mar-99
Final 6.00 2.96 1.06 8-Oct-99
Total 13.00 6.41 2.30
1998 1st Interim 3.00 1.48 0.53 5-Dec-97
2nd Interim 3.50 1.72 0.62 20-Mar-98
Final 6.00 2.96 1.06 9-Oct-98
Total 12.50 6.16 2.21
1997 1st Interim 3.00 1.48 0.53 6-Dec-96
2nd Interim 3.00 1.48 0.53 21-Mar-97
Final 4.00 1.97 0.71 3-Oct-97
Total 10.00 4.93 1.77
1996 1st Interim 3.00 1.48 0.53 8-Dec-95
2nd Interim 4.00 1.97 0.71 22-Mar-96
Final 6.00 2.96 1.06 7-Nov-96
Total 13.00 6.41 2.30

* Based on the increased number of shares following the 2:1 share split on 6 December 2002.

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