Newcrest

ASX: AU$ / %,


Dividends

Dividend Policy

Newcrest’s dividend policy continues to balance financial performance and capital commitments with a prudent leverage and gearing level for the Company. Newcrest looks to pay ordinary dividends that are sustainable over time having regard to its financial policy, profitability, balance sheet strength and reinvestment options in the business.

2017 Interim Dividend

The Newcrest Board has determined to pay an unfranked interim dividend of US 7.5 cents per share to be paid on Friday, 28th April 2017. The dividend will be paid from conduit foreign income and will not be subject to dividend withholding tax when paid to non-Australian resident shareholders. The key dates in relation to the interim dividend are set out in the table below:

ACTION DATE
Ex Dividend Date Wednesday, 22 March 2017
Record Date and Currency Conversion Date Thursday, 23 March 2017
Election Date - final date to elect to receive US dollars and to participate in the Dividend Reinvestment Plan (DRP) Friday, 24 March 2017
VWAP* period beings for DRP Monday, 27 March 2017
VWAP* period ends for DRP Friday, 31 March 2017
Payment / Share Issue / Allotment Date Friday, 28 April 2017

*The subscription amount for shares allotted under the DRP will be an amount in cents that is the arithmetic average of the daily volume weighted average sale price for Newcrest shares sold on the ASX during the VWAP period (27-31 March 2017) rounded down to the nearest full cent.

Payment Currencies

Newcrest changed its reporting currency from Australian dollars to US dollars in 2015. As a result, dividends are now determined in US dollars.

Shareholders will receive their dividend in Australian dollars unless:

  • their registered address is in Papua New Guinea in which case they will receive the dividend payment in Papua New Guinea kina; or
  • they nominate a US dollar bank account domiciled in the US by the Election Date (being 24 March 2017) in which case they will receive the dividend payment in US dollars.

As dividends are determined in US dollars, for payments to be made in Australian dollars or Papua New Guinea kina, conversion into the relevant currency will be based on the foreign currency exchange rates applicable on the Record Date.

Dividend History Table

Newcrest's dividend history is indicated in the table below.


Payment Date Payment Amount
¢
Franking Status
%
DRP Price
AU$
2017 Interim Dividend* US 7.5 0 22.56
2016 Final Dividend* US 7.5 0 22.49
2016 Interim Dividend AU 0 0 0
2015 Final Dividend AU 0 0 0
2015 Interim Dividend AU 0 0 0
2014 Final Dividend AU 0 0 0
2014 Interim Dividend AU 0 0 0
2013 Final Dividend AU 0 0 0
16/4/13* AU 12 0 20.83
19/10/12** AU 23 15 28.25
17/04/12* AU 12 0 29.58
16/12/11* AU 20 0 34.77
21/10/11* AU 20 0 34.79
15/4/2011* AU 10 0 37.17
22/10/2010* AU 20 0 39.76
16/4/2010* AU 5 0 33.31
16/10/2009* AU 15 0 34.07
17/10/2008* AU 10 0 25.76
27/09/2007* AU 5 0 24.41
13/10/2006* AU 5 0 20.55
14/10/2005* AU 5 49 19.81
15/10/2004 AU 5 100 14.60
18/10/2003 AU 5 100 11.01
10/10/2002 AU 5 100 6.94
19/10/2001 AU 5 100 3.83
20/10/2000 AU 5 100 3.89
11/10/1996 AU 12.5 0 4.15
16/10/1995 AU 18.75 0 5.36
8/04/1994 AU 12.5 0 -
8/04/1993 AU 12.5 0 -
10/04/1992 AU 2.5 0 -
12/04/1991 AU 2.5 0 -
14/04/1989 AU 2.5 0 -
15/02/1998 AU 5 0 -
2/02/1987 AU 4 0 -

* For non resident investors, the unfranked portion of the dividend has been paid from conduit foreign income and is therefore exempt from Australian withholding tax.

** Of the 19.55 cents per share unfranked portion, 17.25 cents is funded out of conduit foreign income.
 

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