Dividends
2011 Final Dividend
A final dividend of 4.70 cents per share will be paid on 21 October 2011 to shareholders on the register at the close of business on 7 October 2011.
All shareholders who have completed and returned a Dividend Reinvestment Plan (DRP) participation form prior to the record date of 7 October 2011, including those who have done so previously, will be eligible to participate in the plan in relation to the 2011 final dividend. The price for shares taken up under the plan will be the volume weighted average sale price for an ordinary share in Auckland Airport for the five business days following the record date of 7 October 2011, with no discount applied. Shares will be issued to participating shareholders on the same day as payment of the final dividend, being 21 October 2011.
Dividend Reinvestment Plan
Auckland Airport now has a dividend reinvestment plan. The plan allows shareholders resident in New Zealand or Australia to invest all or part of their dividends by taking up additional Auckland Airport shares instead of receiving cash.
Details of the plan are now available
Dividend Reinvestment Plan (DRP)
DRP Participation form
DRP variation form
Policy
The directors' current dividend policy is to declare dividends of at least 90% of surplus after taxation. This is subject to a number of considerations, including:
- extraordinary items
- the interests of shareholders
- working capital requirements
- capital expenditure requirements
- relevant market practice
The directors aim to maximise future dividends in this way, and will continue to distribute dividends in March and October each year.
Dividend History
| Financial Year |
Interim Dividend |
Final Dividend |
Total Dividend |
| 2011 |
4.00 |
4.70 |
8.70 |
| 2010 |
3.75 |
4.45 |
8.20 |
| 2009 |
3.75 |
4.45 |
8.20 |
| 2008 |
5.75 |
2.45 |
8.20 |
| 2007 |
3.75 |
4.45 |
8.20 |
| 2006 |
3.75 |
4.45 |
8.20 |