Dividend Policy

Dividends and other distributions are made at the discretion of Scales’ Board. The payment of dividends is not guaranteed, and the dividend policy may change over time.

Scales current policy is to target a dividend payout ratio, in respect of each financial year, of between 65% and 75% of Underlying NPAT.

Dividend payments will be split approximately evenly between interim and final, and will be payable in January (interim) and July (final).

The Scales Board will take into account all relevant considerations at the time of declaring dividends, including:

  • Current year trading expectations;
  • Working Capital and Capital Expenditure requirements;
  • Investment intentions;
  • Current and forecast “Net cash/Net debt” position;
  • Satisfaction of the solvency requirements of the Companies Act;
  • Banking or other funding requirements by which Scales is bound from time to time, including bank facility covenants.

Scales is currently committed to an annual dividend level of no less than 19c cash per share whilst the company holds Net Cash, although at a level no greater than actual Net Profit for each year.

Dividends paid

Dividend Ex Date Amount Imputation Payment Date
(cents per share)
2021 Interim 31-Dec-2021 9.5 100% 14-Jan-2022
2020 Final 30-Jun-2021 9.5 100% 09-Jul-2021
2020 Interim 05-Jan-2021 9.5 100% 15-Jan-2021
2019 Final 26-Jun-2020 9.5 100% 10-Jul-2020
2019 Interim 06-Jan-2020 9.5 100% 17-Jan-2020
2018 Final 25-Jun-2019 9.5 100% 05-Jul-2019
2018 Interim 08-Jan-2019 9.5 100% 18-Jan-2019
2017 Final 26-Jun-2018 9.0 100% 06-Jul-2018
2017 Interim 09-Jan-2018 9.0 100% 19-Jan-2018
2016 Final 27-Jun-2017 10.0 100% 07-Jul-2017
2016 Interim 05-Jan-2017 8.0 100% 18-Jan-2017
2015 Final 28-Jun-2016 6.5 100% 08-Jul 2016
2015 Special 07-Jan-2016 4.0 100% 20-Jan-1016
2015 Interim 07-Jan-2016 6.5 100% 20-Jan-2016
2014 Final 29-Jun-2015 7.0 100% 10-Jul-2015
2014 Interim 05-Dec-2014 3.0 100% 19-Dec-2014


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