Dividends

See our policy and approach for making dividend payments. And find out when we intend to make them each year.

Dividends - Genesis Energy NZ

You can find the terms and amounts of any dividends we pay to our shareholders below.

Our Dividend Policy

Dividends and other distributions with respect to Genesis Energy Shares are made only at the discretion of the board of Genesis Energy. The payment of dividends is not guaranteed and Genesis Energy's dividend policy may change.
The board's decisions in relation to the level of reserves and retentions may affect any dividends or distributions you receive from the shares.

In determining dividends payable to shareholders, Genesis Energy will comply with the solvency test specified in the Companies Act.

Under ordinary business circumstances, the dividend to be declared is determined by reference to Genesis Energy's:

  • working capital requirements;

  • medium-term fixed asset expenditure programme;

  • investment in new business opportunities; and

  • risk profile, taking into account the sustainable financial structure for the business and considering predictions of short and medium-term economic and market conditions.

Subject to the above circumstances that, from year to year, may affect the quantum of dividend paid, it is Genesis Energy's intention to pay a dividend that provides Shareholders with a consistent, reliable and attractive dividend even in periods of business-cycle downturn. It is intended that, year on year, the dollar amount of ordinary dividend payments will be at least maintained in real terms.

Genesis Energy intends to pay dividends semi-annually, typically in April and October each year.

Dividend payments

Our intention is for the amount of the dividend payments to be split 50:50 between interim and final dividends.

Here's a summary of what we intend to pay and when we intend to pay it:

Dividend Record Date Payment Date Amount
2015 Final Dividend 2 October 2015 2 October 2015 8 cents per share
2016 Interim Dividend 1 April 2016 15 April 2016 8.2 cents per share
2016 Final Dividend 30 September 2016 14 October 2016 8.2 cents per share

 

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