Dividend Policy

Cavalier Corporation usually pays dividends twice a year as follows:

  • Interim announced at the time of the release of the half-year results in February and payable in March.
  • Final announced together with the full year results in August and payable in October.

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 viewed by downloading theDividend Reinvestment Plan or obtained from the Company's share registrar, Computershare Investor Services Ltd, Private Bag 92119, Auckland 1142.

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 by phoning Computershare on 09 488 8777 or by visiting the Computershare website.

Dividends paid for the last three years are listed below. A full list of dividends paid since 1996 can be found in the attached document: Dividends payment history.

 

Year

Type

Amount

(cents/share)*

Imputation credits

(cents/share)*

Supplementary dividend

(cents/share)*

Date paid/payable

2014

Interim

3.00

1.1667

0.5294

28 March 14

 2013

Interim 

 Nil

 Nil

Nil 

n/a 

 

 Final

 4.00

1.5556 

 0.7059

18 Oct 13 

 

 

 

 

 

 

2012

1st Interim

0.00

0.00

0.00

n/a

 

2nd Interim

0.00 

 0.00 

 0.00 

n/a

 

Final

0.00

0.00

0.00

 n/a

 

 

 

 

 

 

2011

1st Interim

3.00

1.29

0.53

17-Dec-10

 

2nd Interim

4.00 

1.71 

0.71 

25-Mar-11

 

Final

11.00 

4.71 

1.94 

14-Oct-11 

 

Total

18.00 

7.71 

3.18