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Dividend Information

13.0c
Dividend/share
30 Sep 2019
Date paid
100% Franked
Final Dividend
Paid into your account
Update bank details
DividendEx Dividend DateRecord DateDate Payable% FrankedTypeFurther Information
13.0c02/09/201903/09/201930/09/2019100%Final13.0c FRANKED @30%
10.0c28/02/201901/03/201902/04/2019100%Interim10.0c FRANKED @30%

Dividend Reinvestment Plan

The nib Dividend Reinvestment Plan (DRP) enables shareholders to increase their nib shareholding, without paying brokerage or other transaction costs by reinvesting all or part of their dividends in additional nib ordinary shares.

The DRP was not applicable for the 2019 financial year interim dividend. We will advise if applicable for the next dividend payment.

To participate in the DRP:

Read the DRP Rules Booklet and submit your DRP application form by visiting nib.com.au/easyupdate or completing the DRP application form.

Application forms for the DRP must be received by nib's share registry, Computershare, by 5:00pm on the relevant dividend record date. If mailing your application form, please allow plenty of time for form to be delivered by post and processed prior to the record date.

Direct credit

We pay dividends by direct credit to your nominated bank account to provide you with quicker access to your money, improved security of dividend payments and generate savings that benefit all shareholders. Make sure your banking instructions are up to date to ensure your dividend payment can be made.

Tax file number

Under Australian taxation laws, if you are an Australian resident security holder or subject to Australia's taxation laws, and you do not provide nib with your TFN, ABN or Exemption code details, tax may be deducted from payments of unfranked dividends at the highest marginal rate plus the Medicare Levy.

Therefore it is important that you provide nib with your details if you do not wish any tax to be withheld from future dividend payments.

Capital return

At a General Meeting held on Tuesday 5 July 2011 nib shareholders approved a Capital Return of approximately $75 million (approximately $0.1607 per ordinary share). The Capital Return was paid to nib shareholders on 21 July 2011 by direct credit.

For more about the Capital Return including the possible tax implications for shareholders please see our FAQs.