Dividends
You'll find the latest dividend information below.
Channel Infrastructure’s dividend policy is a pay-out of 60-70% of normalised Free Cash Flow, being adjusted for net cash generated from operations less maintenance capex, excluding conversion costs and growth capex).
The dividend policy is subject to the Board’s due consideration of the Company’s medium term asset investment programme; a sustainable financial structure for Channel Infrastructure, recognising the targeted investment grade rating; and the risks from short and medium term economic and market conditions and estimated financial performance.
It is the intention of the Board to attach imputation credits to dividends to the extent that they are available.
| Dividend | Record Date | Payment Date | Amount | Tax Imputation credits for resident shareholders (NZ$) | Supplementary dividend for non-resident shareholders (NZ$) |
|---|---|---|---|---|---|
| 2024 Interim Dividend | 6 September | 20 September | 4.4 cps | No imputation | n/a |
| 2023 Final Dividend | 14 March | 28 March | 6.3 cps | No imputation | n/a |
| 2023 Special Dividend | 14 March | 28 March | 1.5 cps | No imputation | n/a |
| 2023 Interim Dividend | 6 September | 20 September | 4.2 cps | 1.6 cps | 0.7 cps |
| 2022 Final Dividend | 10 March | 20 March | 5.0 cps | 1.9 cps | 0.9 cps |
| 2022 Special Dividend | 10 March | 20 March | 2.0 cps | 0.8 cps | 0.4 cps |
