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Dividends and DRP

Dividends and DRP

For the Financial-Year 2017 QVE announced a final, fully franked dividend of 2.0 cents per share, to be paid on 31 October 2017.

Dividends will be paid out of the Company’s profit from its investment operations.

QVE offers a Dividend Reinvestment Plan (DRP) for shareholders. This year, shareholders participating in the DRP will benefit from a 3% discount.

Further details regarding dividend payments and the DRP will be sent to shareholders and can also be found below.


Dividends

Period QVE PAID PDF
Final 17 +2.0cents 31 October 2017 170816_30June2017_Results_announcement
Interim +2.0cents 3 April 2017 1702015_HY17results_interim_dividend_announcement
Final 16 +1.8cents 17 October 2016 160817_Letter_to_Shareholders_30_June_2016_Results
Interim 16 +1.5cents 4 April 2016 02 2016 Interim dividend press release
Final 15 +1.5cents 6 November 2015 10 2015 QVE Final Dividend note
Interim 15 +0.5cents 2 April 2015 QV Equities Ltd – QVE_Dividend_Chairmans_letter

The Company currently intends to pay a dividend to Shareholders twice a year. The amount of the dividend will be at the discretion of the Board and will depend on a number of factors, including future earnings, capital requirements, financial conditions, future prospects and other factors that the Board deem relevant. It is the current Board policy that all dividends paid to Shareholders will be franked to 100% or to the maximum extent possible.

Dividends will be paid out of the Company’s profit from its investment operations.

Franking credits on dividends received by QV Equities will be passed on to QV Equities shareholders through dividends that are fully or substantially franked, depending on tax credits available to the Company. The franked portion of QV Equities’ dividends provide tax benefits for Australian shareholders. Franked dividends also benefit overseas shareholders, since withholding tax is not deducted from such dividends.

Where possible, the LIC taxation benefits from profits earned from realised investment gains will be passed on to investors as dividends.


Dividend Reinvestment Plan

QVE announced a final, fully franked dividend of 2.0 cents per share, to be paid on 31 October 2017.
QVE offers a Dividend Reinvestment Plan (DRP) for shareholders. This year, shareholders participating in the DRP will benefit from a 3% discount.

The Dividend Reinvestment Plan (DRP) is in operation and the fully franked final dividend of 2.0 cents per share qualifies. Participant shareholders will be entitled to be allotted the number of shares (rounded to the nearest whole number) which the cash dividend would purchase at the relevant issue price. The relevant issue price will be at a 3% discount to the volume weighted average market price of shares sold on the ASX for the 5 trading days following the record date of the relevant dividend.

To participate in QVE’s DRP for the final dividend payment, shareholders must provide their election to the Company before 5pm on 4 October 2017.

 

Key Dates

For the final dividend for the year ended 30 June 2017:

Ex-Dividend date: 2 October 2017
Record Date: 3 October 2017
Last Election date for DRP: 4 October 2017
Payment Date: 31 October 2017

 

Form PDF
DRP form DRP Form
DRP terms and conditions qve-drp-terms-and-conditions-2017
DRP FAQs DRP-FAQs-2017

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