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Home » Shareholder Centre » Dividends

Dividends

  • Dividend reinvestment

 

Dividends

IAG’s dividend policy for ordinary shares is to return to shareholders 60-80% of cash earnings on a full-year basis.

Franking Credit

As at 31 December 2021, IAG had a $228m franking balance on a consolidated basis. The holding company currently has no franking credits available for distribution.

The depletion of the holding company’s franking balance reflects minimal tax payable by the IAG tax consolidated group in Australia in FY20 and FY21, which were influenced by severe net natural perils claims costs and adverse reserving, including the business interruption provision.  As a result, IAG expects no franking will apply to any ordinary dividends that it may declare and pay during the remainder of the 2022 financial year, and zero franking will also apply to relevant distributions on the Capital Notes in respect of the same period.

Conduit Foreign Income (CFI)

The whole of the dividend is unfranked. For non-residents of Australia, this unfranked dividend is declared conduit foreign income. No Australian withholding tax is deducted from dividends paid to non-residents to the extent that the dividend is conduit foreign income. You may need advice from your local tax agent on how to declare any dividends in your tax return.

Dividend and interest payment frequently asked questions can be found in the FAQs section of this website. Please note: the information provided below is for payments in financial years ended 30 June.

New Zealand holders

Following the phase out of New Zealand cheques, all payments (ie sale proceeds and dividend) will be made to New Zealand holders as direct deposit to a nominated bank account. If Computershare does not have bank account details before the next dividend record date and the company has mandated direct credit, dividend payments will be held pending receipt of bank account details.

2022 Ordinary shares: ASX code IAG
Period end30/06/21
Cents per share 13.000
Ex date17/08/21
Record date 18/08/21
Payment date 22/09/21
Franking level0%
DRP price ($)5.3478
Period end31/12/22
Cents per share 0.0600
Ex date 16/02/22
Record date 17/02/22
Payment date 24/03/22
Franking level 0%
DRP price ($)4.8388
Period endCents per shareEx dateRecord datePayment dateFranking levelDRP price ($)
30/06/2113.000017/08/2118/08/2122/09/210%5.3478
31/12/210.060016/02/2217/02/2224/03/220%4.8388
2022 Convertible notes: ASX IAGPD
Period end14/09/21
Dollars per note$1.1746
Ex date06/12/21
Record date07/12/21
Payment date 15/12/21
Franking level0%
Period end14/12/21
Dollars per note$1.1743
Ex date 04/03/22
Record date 07/03/22
Payment date 15/03/22
Franking level 0%
Period endDollars per shareEx dateRecord datePayment dateFranking level
14/09/21$1.174606/12/2107/12/2115/12/210%
14/12/21$1.174304/03/2207/03/2215/03/220%

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