2015 INTERIM DIVIDEND AND INCREASE IN DIVIDEND PAYOUT POLICY IN...

2015 INTERIM DIVIDEND AND INCREASE IN DIVIDEND PAYOUT POLICY IN 2016
The Group’s current dividend policy is to payout up to 50% of annual cash profit by way of dividends to shareholders.
Following the completion of our capital initiatives and in light of significantly improved earnings quality, capital is now above our target minimum requirement and provides the opportunity to increase the future dividend payout ratio whilst remaining comfortably within target capital levels.
As a result, the Board has increased the maximum dividend payout ratio to 65% of cash profits, up from the current maximum of 50%, commencing with the 2016 interim dividend.

The Board has also declared a fully franked interim 2015 dividend of 20 Australian cents per share, a 33% increase on the 15 Australian cents declared at the same time last year.

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