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Dividends and DRP

Dividends and DRP

Interim Dividend for September Quarter 2020

The Board has now resolved to declare an interim quarterly dividend of 1.1 cents per share fully franked for the September quarter 2020.
Relevant dates for the interim dividend are listed below:
• Ex-Dividend Date: 16 November 2020
• Dividend Record Date: 17 November 2020
• Dividend Payment Date: 4 December 2020
Full announcement here

Dividend Update – 28 October 2020

The Board announced it has adopted a policy of quarterly dividend payments, effective immediately.
Full announcement here

Final Dividend for FY2020

A final dividend of 2.2 cents per share fully franked has been paid to shareholders on 18 September 2020 for the financial year ended 30 June 2020.

You can read the full announcement here, which includes more information on the current on-market share buy-back and key dates for the dividend.


Final 20+2.2 cents18 September 2020200708_QVE_FinalDividend_30June2020
Interim 20+2.2 cents17 March 2020200214_HY20_Results_Interim_Dividend_Announcement
Final 19+2.2 cents20 September 2019190214_HY19Results_Interim_dividend_announcement
Interim+2.2 cents15 March 2019190214_HY19Results_Interim_dividend_announcement
Special Dividend+1.0 cents31 October 2018180815_QVE_30_June_2018_Results_announcement
Final 18+2.1 cents31 October 2018180815_QVE_30_June_2018_Results_announcement
Interim+2.1 cents4 April 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.

Retrospective Changes to Tax Legislation for QV Equities Limited (‘Company’)

The amount of franking credits for dividends you received during the 2017-18 financial year changed.The Company issued a notice to each shareholder reflecting the correct amount of franking credit.

For more information, read the Shareholder Update dated 10th September 2018.

Dividend Reinvestment Plan

On 14 February 2020, the Board decided to suspend the Dividend Reinvestment Plan (DRP) while the 12-month on-market buy-back facility for QVE shares is in place. Shareholders who had previously elected to participate in the DRP will automatically receive a cash payment for this dividend. However, if in future the Board decides to reinstate the DRP, shareholders current DRP elections will continue to apply.


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