For information regarding the Company’s FY16 dividends, please see [Natasha to insert link].
Depending on available profits and the financial position of the Company, it is the current intention of the Board to declare interim dividends in respect of half years ending 31 December and final dividends in respect of subsequent half years ending 30 June each year, in Australian dollars.
The payment of a dividend by amaysim is at the discretion of the Directors and will be a function of a number of factors, including the general business environment, the operating results and financial condition of amaysim, future funding requirements, capital management initiatives, taxation considerations (including the level of franking credits available), any contractual, legal or regulatory restrictions on the payment of dividends by amaysim, and any other factors the Directors may consider relevant.
In FY16 the Company’s dividend payout ratio approximately 70% of its underlying NPATA (which is consistent with the 60% to 80% guidance provided in the Company’s Prospectus). While there is currently no intention of deviating from this payout ratio in FY17, no assurances can be given about the payment of any dividend and the level of franking on any such dividend in future periods.