Investor Centre

Dividends

Dividend policy

Newcrest’s dividend policy seeks 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 metrics, profitability, balance sheet strength and reinvestment options in the business.

Going forward, Newcrest is targeting a total dividend payout of at least 10-30% of free cash flow generated for that financial year, with the dividend being no less than US 15 cents per share on a full year basis.

2019 Final Dividend

On 26 September 2019, Newcrest paid a final fully franked dividend of US 14.5 cents per share.

Mandatory Direct Credit of Dividends

Newcrest will be moving to Mandatory Direct Credit of dividends for Shareholders with a registered address in either Australia or PNG from the time any dividend payment is next made in 2020.

From calendar year 2020, those Shareholders will be unable to receive their dividends by way of cheque and will need to provide bank account details to share registry, Link Market Services (Link).

Shareholders are encouraged to provide their bank account details, for payment of Newcrest dividends, as soon as possible. Those Shareholders who have already provided bank account details to Link, please check that the details are still current and correct.

Shareholders can provide/update their bank details on the Link Market Services website.

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:

(a) they have:

  • nominated a PNG kina bank account domiciled in PNG by a nominated time and date; or
  • a registered address in PNG and have not nominated an Australian dollar bank account domiciled in Australia or a US dollar bank account domiciled in the United States of America by a nominated time and date,

in which case they will receive their dividend in PNG kina;

or (b) they have nominated a US dollar bank account domiciled in the United States of America by a nominated time and date, in which case they will receive their dividend 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 relevant Record Date.

Dividend reinvestment plan

The Newcrest Dividend Reinvestment Plan (DRP) provides shareholders with a convenient way to increase their shareholding in Newcrest by reinvesting all or part of their dividends in additional shares.

Key features of the DRP are:

  • At each dividend payment date, dividends on shares nominated to be the subject of the DRP are automatically invested in new Newcrest shares
  • No discount currently applies to allotments under the DRP
  • Participants pay no brokerage or other costs. Upon allotment the shares rank equally with existing fully paid ordinary shares
  • Shares allotted under the DRP are credited directly to the participant's holding
  • A statement is sent to participants after each dividend payment date
  • Participant's may join, vary their participation, or withdraw from the DRP at any time prior to the closing date for an allotment by completing the DRP Form and returning to the Share Registry
  • The shareholder's Australian tax position in respect of the dividend payment remains unchanged whether or not such shareholder elects to participate in the DRP
  • Shareholders in other jurisdictions must seek their own advice regarding taxation implication of the DRP outside Australia

Due to legal complexities and high compliance costs shareholders in the USA, Canada or Japan may not participate in the DRP.

If you wish to participate in the DRP or vary your existing participation please complete the DRP Form and return to the Share Registry.

A copy of the DRP Rules and participation form are accessible through the following links:

For further information please contact the Newcrest share registry Link Market Services on 1300 554 474 or registrars@linkmarketservices.com.au
 

2019 Interim Dividend

The Newcrest Board has determined that, having regard to the Company’s financial performance in the 2019 Half Year, an interim fully franked dividend of US 7.5 cents per share will be paid on 22 March 2019. The record date for entitlement is 21 February 2019. The Dividend Reinvestment Plan remains in place.

 

Action

Date

Announcement/Declaration

Friday, 16 August 2019

Ex-Dividend Date

Thursday, 22 August 2019

Record Date and Currency Conversion Date

Friday, 23 August 2019

Election Date [1]

Monday, 26 August 2019

VWAP* period begins for DRP

Tuesday, 27 August 2019

VWAP* period ends for DRP

Monday, 2 September 2019

Payment/Issue Date

Thursday, 26 September 2019

[1] Final date to elect to participate in DRP and receive foreign currency

*The subscription amount for shares allotted under the DRP will be an amount that is the arithmetic average of the daily volume weighted average sales price for Newcrest shares sold on the ASX during the VWAP period (27 August - 2 September 2019) rounded down to the nearest full cent.

Dividend History

Payment Amount

(¢)

Franking Status

(%)

DRP Price

(AU$)

2019 Final Dividend

US 14.5

100

36.48

2019 Interim Dividend

US 7.5

100

24.74

2018 Final Dividend

US 11

100

19.16

2018 Interim Dividend

US 7.5

100

19.85

2017 Final Dividend

US 7.5

70

21.46

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

16/04/2013*

AU 12

0

20.83

19/10/2012**

AU 23

15

28.25

17/04/2012*

AU 12

0

29.58

16/12/2011*

AU 20

0

34.77

21/10/2011*

AU 20

0

34.79

15/04/2011*

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

14.6

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.