Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Capital Management and Dividends

v3.8.0.1
Capital Management and Dividends
12 Months Ended
Mar. 31, 2018
Text Block [Abstract]  
Capital Management and Dividends
Capital Management and Dividends
The following table summarizes the dividends paid during the fiscal years 2018, 2017 and 2016:
(Millions of US dollars)
US
Cents/Security
 
US$ Millions
Total Amount
 
Announcement Date
 
Record Date
 
Payment Date
FY 2018 first half dividend
0.10
 
46.2
 
9 November 2017
 
13 December 2017
 
23 February 2018
FY 2017 second half dividend
0.28
 
131.3
 
18 May 2017
 
8 June 2017
 
4 August 2017
FY 2017 first half dividend
0.10
 
46.6
 
17 November 2016
 
21 December 2016
 
24 February 2017
FY 2016 second half dividend
0.29
 
130.2
 
19 May 2016
 
9 June 2016
 
5 August 2016
FY 2016 first half dividend
0.09
 
39.7
 
19 November 2015
 
23 December 2015
 
26 February 2016
FY 2015 special dividend
0.22
 
92.8
 
21 May 2015
 
11 June 2015
 
7 August 2015
FY 2015 second half dividend
0.27
 
114.0
 
21 May 2015
 
11 June 2015
 
7 August 2015

During fiscal year 2017, the Company announced a share buyback program (the “fiscal 2017 program”) to acquire up to US$100.0 million of its issued capital in the twelve months through May 2017. Under this program, the Company repurchased and cancelled 6,090,133 shares of its common stock during the second quarter of fiscal year 2017. The aggregate cost of the shares repurchased and cancelled was A$131.4 million (US$99.8 million), at an average market price of A$21.58 (US$16.40).
Subsequent to 31 March 2018, the Company announced an ordinary dividend of US30.0 cents per security, with a record date of 7 June 2018 and a payment date of 3 August 2018.