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Dividends and DRP

Dividends and DRP

March 2022 Quarterly Dividend

The Board of QV Equities Limited has declared a fully franked quarterly dividend of 1.2 cents per share for the March quarter.
Relevant dates for the interim dividend are listed below:

  • Ex-Dividend Date: 16 May 2022
  • Dividend Record Date: 17 May 2022
  • Dividend Payment Date: 3 June 2022

The Board has announced its intention to pay dividends totalling 4.8 cents per share for the financial year ending 30 June 2022  (*subject to the Company maintaining sufficient profit reserves and there being no material impacts, changes or unforeseen events).

 

Dividends

Period QVE PAID PDF
March Quarter 2022 +1.2 cents 3 June 2022 QVEQuarterlyDividendMarch2022
December Quarter 2021 +1.2 cents 4 March 2022 QVEQuarterlyDividendDecember2021
September Quarter 2021 +1.2 cents 3 December 2021 211021_QVEQuarterlyDividendSeptember2021
June Quarter 2021 +1.1 cents 3 September 2021 210729_QVEQuarterlyDividendJune2021
March Quarter 2021 +1.1 cents 4 June 2021 210422_QVE_QuarterlyDividendMarch2021
December Quarter 2020 +1.1 cents 5 March 2021 210128_QVE_QuarterlyDividendDecember2020
September Quarter 2020 +1.1 cents 4 December 2020 201102_QVE_September2020QuarterlyDividend
Final 20 +2.2 cents 18 September 2020 200708_QVE_FinalDividend_30June2020
Interim 20 +2.2 cents 17 March 2020 200214_HY20_Results_Interim_Dividend_Announcement
Final 19 +2.2 cents 20 September 2019 190214_HY19Results_Interim_dividend_announcement
Interim +2.2 cents 15 March 2019 190214_HY19Results_Interim_dividend_announcement
Special Dividend +1.0 cents 31 October 2018 180815_QVE_30_June_2018_Results_announcement
Final 18 +2.1 cents 31 October 2018 180815_QVE_30_June_2018_Results_announcement
Interim +2.1 cents 4 April 2018 180214_QVE_Half_Year_Results_ Interim_Dividend_Announcement
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 quarterly. 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 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.

 

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