The Group also amended its dividend policy during the 2017 year,...

The Group also amended its dividend policy during the 2017 year, moving away from a fixed quarterly 6 cents per share dividend to a semi-annual 10 cents per share dividend in 2018 before settling on a semi-annual dividend equating to 70 to 80% of Net Profits from 2019 onwards. This policy provides a better balance between retaining capital to meet growth funding requirements and returning profits to shareholders. The dividend yield remains highly attractive at various share price scenarios, and the continuation of the 2% DRP discount provides shareholders with an ongoing opportunity to acquire shares at discounted prices.