Dividends and DRP

Dividends and DRP

Half-Year December 2017: 
QVE announced an interim, fully franked* dividend of 2.1 cents per share to be paid on 4 April 2018.

QVE offers a Dividend Reinvestment Plan (DRP) for shareholders.

*Based on a tax rate of 27.5%

Key Dates

The key dates related to the interim dividend for the half year ended 31 December 2017:

Ex-Dividend date16 March 2018
Record Date19 March 2018
Last Election date for DRP20 March 2018
Payment Date4 April 2018


Further details regarding dividend payments and the DRP have been sent to shareholders and can also be found below:


Interim+2.1cents14 February 2018180214_QVE_Half_Year_Results_ Interim_Dividend_Announcement
Final 17+2.0cents31 October 2017170816_30June2017_Results_announcement
Interim+2.0cents3 April 20171702015_HY17results_interim_dividend_announcement
Final 16+1.8cents17 October 2016160817_Letter_to_Shareholders_30_June_2016_Results
Interim 16+1.5cents4 April 201602 2016 Interim dividend press release
Final 15+1.5cents6 November 201510 2015 QVE Final Dividend note
Interim 15+0.5cents2 April 2015QV 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 offers a Dividend Reinvestment Plan (DRP) for shareholders.

To participate in QVE’s DRP for the interim dividend payment, shareholders had to provide their election to the Company before 5pm on 20 March 2018.


DRP formDRP Form
DRP terms and conditionsqve-drp-terms-and-conditions-2017