Genesis Energy dividends
See our policy and approach for making dividend payments, when we intend to make them each year and the terms and amounts of any dividends we pay to our shareholders below.
Dividend Reinvestment Plan
Genesis has established the Genesis Dividend Reinvestment Plan (“Plan”), offering you the opportunity to reinvest the net proceeds of your dividends on some or all of your existing Genesis shares in additional, fully paid Genesis Shares.
The Offer Document for Dividend Reinvestment Plan from Feb 2018 is available through the link below.
The Participation Form for Dividend Reinvestment Plan from Feb 2018 is available through the link below.
Our dividend policy
In determining dividends payable to shareholders, Genesis 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’:
- 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’ intention to pay a dividend that provides shareholders with a consistent, reliable and attractive dividend.
In determining the actual level of dividends, Genesis aims to pay out between 70% and 90% of its free cash flow. Free Cash Flow is defined as EBITDAF less net interest paid less taxation paid less stay in business capital expenditure.
Genesis Energy intends to pay dividends semi-annually, typically in April and October of each year.
Here's a summary of what we have paid in the past and future payments that have been announced:
|Dividend||Record date||Payment date||Amount|
|2016 Final Dividend||30 September 2016||14 October 2016||8.2 cents per share|
|2017 Interim Dividend||30 March 2017||13 April 2017||8.2 cents per share|
|2017 Final Dividend||29 September 2017||13 October 2017||8.4 cents per share|
|2018 Interim Dividend||06 April 2018||20 April 2018||8.3 cents per share|
|2018 Final Dividend||05 October 2018||19 October 2018||8.6 cents per share|
|2019 Interim Dividend||04 April 2019||18 April 2019||8.45 cents per share|
|2019 Final Dividend||17 October 2019||31 October 2019||8.6 cents per share|
|2020 Interim Dividend||18 March 2020||1 April 2020||8.525 cents per share|
|2020 Final Dividend||11 September 2020||25 September 2020||8.675 cents per share|
|2021 Interim Dividend||18 March 2021||1 April 2021||8.6 cents per share|
|2021 Final Dividend||24 September 2021||8 October 2021||8.8 cents per share|
Have some questions?
All dividends are paid in New Zealand dollars.