Ann: FY17 Results Presentation, page-7

The Board is very conscious of shareholder interest in securing returns by way of dividends and is favourably disposed to increasing dividends over time. Balanced against that is the Board’s strong belief in the long term benefits that will arise for shareholders following a successful implementation of the Group’s mobile strategy.
Accordingly, the Board has concluded that it is in the best interests of shareholders that a greater proportion of profits be retained in the Company to be deployed in the mobile rollouts. The Board believes this to be a fiscally prudent approach.
The Board is confident that this course will prove in the long run to be the right decision for shareholders and accordingly have declared a reduced final dividend for FY17 of 2.0 cents per share (fully franked)