Dividends

Dividends

Dividend Policy

Heartland determines 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 business mix). A key objective is to ensure an appropriate balance between maximising shareholder returns, and protecting the interests of depositors through prudent capital management.

Dividend Reinvestment Plan

Heartland has a Dividend Reinvestment Plan (DRP) which offers shareholders the opportunity to reinvest some or all of their dividend payments into ordinary shares in Heartland, free of brokerage charges. Participation in the DRP is entirely optional.

See the Offer Document for full details of the DRP.

How to participate

To participate in the DRP, you need to make a participation election either online or by completing the Participation Notice form in the Offer Document and returning it to Heartland's Share Registrar Link Market Services.

Shareholders must have a New Zealand or Australian address recorded in the share register to be eligible to participate in the DRP.

Offer Document (full details of the DRP)

Download
Dividend payments
Year Payment type Cents per share (NZD) DRP price (NZD) Payment date
2024 Interim dividend 4.0 20 March 2024
2023 Final dividend 6.0 $1.69 20 September 2023
2023 Interim dividend 5.5 $1.64 22 March 2023
2022 Final dividend 5.5 Heartland's DRP was suspended for the final dividend due to the proposed equity raise 14 September 2022
Dividend payments
Year - 2024
Payment type - Interim dividend
Cents per share (NZD) - 4.0
DRP price (NZD) -
Payment date - 20 March 2024
Year - 2023
Payment type - Final dividend
Cents per share (NZD) - 6.0
DRP price (NZD) - $1.69
Payment date - 20 September 2023
Year - 2023
Payment type - Interim dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - $1.64
Payment date - 22 March 2023
Year - 2022
Payment type - Final dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - Heartland's DRP was suspended for the final dividend due to the proposed equity raise
Payment date - 14 September 2022

Heartland Group Holdings Limited (HGH)
Year Payment type Cents per share (NZD) DRP price (NZD) Payment date
2024 Interim dividend 4.0 20 March 2024
2023 Final dividend 6.0 $1.69 20 September 2023
2023 Interim dividend 5.5 $1.64 22 March 2023
2022 Final dividend 5.5 Heartland's DRP was suspended for the final dividend due to the proposed equity raise 14 September 2022
2022 Interim dividend 5.5 $2.11 16 March 2022
2021 Final dividend 7.0 $2.27 15 September 2021
2021 Interim dividend 4.0 $1.80 16 March 2021
2020 Final dividend 2.5 $1.25 9 October 2020
2020 Interim dividend 4.5 $1.59 11 March 2020
2019 Final dividend 6.5 $1.54 6 September 2019
2019 Interim dividend 3.5 $1.47 29 March 2019
Heartland Bank Limited (HBL)

On 31 October 2018, Heartland completed a corporate restructure which resulted in Heartland Bank Limited becoming a wholly-owned subsidiary of a new listed parent company, Heartland Group Holdings Limited. All shares in Heartland Bank Limited were transferred to Heartland Group Holdings Limited.

The new DRP was announced in December 2018. If you previously participated in the Heartland Bank Limited DRP and wish to continue to receive shares instead of dividend payments, you must make a new election to participate in the Heartland Group Holdings Limited DRP.

Year Payment type Cents per share (NZD) DRP price (NZD) Payment date
2018 Final dividend 5.5 $1.63 21 September 2018
2018 Interim dividend 3.5 $1.77 3 April 2018
2017 Final dividend 5.5 $1.80 21 September 2017
2017 Interim dividend 3.5 $1.59 7 April 2017
2016 Final dividend 5.0 $1.48 7 October 2016
2016 Interim dividend 3.5 $1.20 5 April 2016
2015 Final dividend 4.5 $1.11 2 October 2015
2015 Interim dividend 3.0 $1.32 2 April 2015
2014 Final dividend 3.5 $1.02 3 October 2014
2014 Interim dividend 2.5 $0.86 4 April 2014
2013 Final dividend 2.5 $0.83 4 October 2013
2013 Interim dividend 2.0 N/A 5 April 2013
2012 Special dividend 1.5 N/A 21 December 2012
Heartland Group Holdings Limited (HGH)
Year - 2024
Payment type - Interim dividend
Cents per share (NZD) - 4.0
DRP price (NZD) -
Payment date - 20 March 2024
Year - 2023
Payment type - Final dividend
Cents per share (NZD) - 6.0
DRP price (NZD) - $1.69
Payment date - 20 September 2023
Year - 2023
Payment type - Interim dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - $1.64
Payment date - 22 March 2023
Year - 2022
Payment type - Final dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - Heartland's DRP was suspended for the final dividend due to the proposed equity raise
Payment date - 14 September 2022
Year - 2022
Payment type - Interim dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - $2.11
Payment date - 16 March 2022
Year - 2021
Payment type - Final dividend
Cents per share (NZD) - 7.0
DRP price (NZD) - $2.27
Payment date - 15 September 2021
Year - 2021
Payment type - Interim dividend
Cents per share (NZD) - 4.0
DRP price (NZD) - $1.80
Payment date - 16 March 2021
Year - 2020
Payment type - Final dividend
Cents per share (NZD) - 2.5
DRP price (NZD) - $1.25
Payment date - 9 October 2020
Year - 2020
Payment type - Interim dividend
Cents per share (NZD) - 4.5
DRP price (NZD) - $1.59
Payment date - 11 March 2020
Year - 2019
Payment type - Final dividend
Cents per share (NZD) - 6.5
DRP price (NZD) - $1.54
Payment date - 6 September 2019
Year - 2019
Payment type - Interim dividend
Cents per share (NZD) - 3.5
DRP price (NZD) - $1.47
Payment date - 29 March 2019
Heartland Bank Limited (HBL)

On 31 October 2018, Heartland completed a corporate restructure which resulted in Heartland Bank Limited becoming a wholly-owned subsidiary of a new listed parent company, Heartland Group Holdings Limited. All shares in Heartland Bank Limited were transferred to Heartland Group Holdings Limited.

The new DRP was announced in December 2018. If you previously participated in the Heartland Bank Limited DRP and wish to continue to receive shares instead of dividend payments, you must make a new election to participate in the Heartland Group Holdings Limited DRP.

Year - 2018
Payment type - Final dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - $1.63
Payment date - 21 September 2018
Year - 2018
Payment type - Interim dividend
Cents per share (NZD) - 3.5
DRP price (NZD) - $1.77
Payment date - 3 April 2018
Year - 2017
Payment type - Final dividend
Cents per share (NZD) - 5.5
DRP price (NZD) - $1.80
Payment date - 21 September 2017
Year - 2017
Payment type - Interim dividend
Cents per share (NZD) - 3.5
DRP price (NZD) - $1.59
Payment date - 7 April 2017
Year - 2016
Payment type - Final dividend
Cents per share (NZD) - 5.0
DRP price (NZD) - $1.48
Payment date - 7 October 2016
Year - 2016
Payment type - Interim dividend
Cents per share (NZD) - 3.5
DRP price (NZD) - $1.20
Payment date - 5 April 2016
Year - 2015
Payment type - Final dividend
Cents per share (NZD) - 4.5
DRP price (NZD) - $1.11
Payment date - 2 October 2015
Year - 2015
Payment type - Interim dividend
Cents per share (NZD) - 3.0
DRP price (NZD) - $1.32
Payment date - 2 April 2015
Year - 2014
Payment type - Final dividend
Cents per share (NZD) - 3.5
DRP price (NZD) - $1.02
Payment date - 3 October 2014
Year - 2014
Payment type - Interim dividend
Cents per share (NZD) - 2.5
DRP price (NZD) - $0.86
Payment date - 4 April 2014
Year - 2013
Payment type - Final dividend
Cents per share (NZD) - 2.5
DRP price (NZD) - $0.83
Payment date - 4 October 2013
Year - 2013
Payment type - Interim dividend
Cents per share (NZD) - 2.0
DRP price (NZD) - N/A
Payment date - 5 April 2013
Year - 2012
Payment type - Special dividend
Cents per share (NZD) - 1.5
DRP price (NZD) - N/A
Payment date - 21 December 2012

Heartland changed its name from Heartland New Zealand Limited to Heartland Bank Limited on 31 December 2015 (in conjunction with the amalgamation of Heartland New Zealand Limited and Heartland Bank Limited). Accordingly, dividends dated prior to 31 December 2015 were issued under the company name Heartland New Zealand Limited.