Dividends

IAG declared and paid only one dividend during the 2020/21 tax year (1 July 2020 to 30 June 2021).  The half year (1H21) dividend was paid on 30 March 2021 and statements were sent to shareholders based on their communication preferences.

Information about your 1H21 dividend statement:

Franking Credit
As at 31 December 2020, IAG held a negligible franking balance. In addition to capital management activity in recent years, the depletion of IAG’s franking balance reflects the absence of taxable earnings in Australia in FY20 and 1H21 which was influenced by severe net natural peril claim costs and adverse reserving, including the business interruption provision in 1H21. This will impact IAG’s capacity to frank eligible distributions over the short-to-medium term. As a result, IAG expects no franking will apply to any ordinary dividends that it may declare and pay during calendar 2021, and zero franking will also apply to relevant distributions on the Capital Notes in the period to 30 June 2021.

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.