Newcrest’s dividend policy balances financial performance and capital commitments with a prudent gearing level for the company. Newcrest’s ordinary dividends are expected to be sustainable and grow moderately over time. Newcrest’s special dividends are linked to shorter term market conditions and financial performance, balanced against capital requirements.
The Newcrest Board determined there would be no final dividend paid for the year ended 30 June 2015. The Board will consider returning to paying a dividend as debt is further reduced and taking market and operating conditions into consideration.
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.
Newcrest's dividend history is indicated in the table below.
|Payment Date||Payment Amount
|2015 Final Dividend||0||0||0|
|2015 Interim Dividend||0||0||0|
|2014 Final Dividend||0||0||0|
|2014 Interim Dividend||0||0||0|
|2013 Final Dividend||0||0||0|
* For non resident investors, the unfranked portion of the dividend has been paid from foreign sourced 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.
The DRP price represents the volume weighted average sale price for the fully paid ordinary shares in the capital of the Company in the five trading days immediately before the Record Date
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