Dividends

Dividend History

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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

Dividend Policy

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.

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Latest information

Heartland Closes Rights Offer

Posted 12th December 2017

Heartland Bank is pleased to advise that the Rights Offer component of its 1 for 15 pro rata rights issue, which closed on 8 December 2017, was strongly supported by shareholders.

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