On 20 February 2018, the directors of Heartland announced that they have resolved to pay a 2018 interim dividend of 3.5 cents per share. The interim dividend will be paid on 3 April 2018 to shareholders on the company’s register as at 5.00pm on 16 March 2018 (Record Date) and will be fully imputed.
Dividend Reinvestment Plan
Heartland operates a Dividend Reinvestment Plan (DRP) which offers shareholders the opportunity to reinvest some or all of their dividend payments into new ordinary shares in Heartland, free of brokerage charges. Participation in the DRP is entirely optional.
Please note that shareholders must have a New Zealand or Australian address recorded in the share register to be eligible to participate in the DRP.
Full details of the DRP are contained in the Offer Document.
Heartland Dividend Reinvestment Plan Offer Document
Heartland will determine dividends (both interim and final) based on its net profit after tax, subject to maintaining a prudent level of capital for its needs. Heartland’s capital needs will vary from time to time, depending on a range of factors (including regulatory and credit rating requirements, general economic conditions, current and expected growth and the mix of business). A key objective is to ensure an appropriate balance between maximising shareholder returns, and protecting the interests of depositors through prudent capital management.