Dividends

Dividend Policy

The Board intends to target a dividend payout ratio of 100% of GTN Group's Statutory NPAT from FY2017.

The level of the payout ratio may vary between periods due to seasonality of the business and other factors the Directors may consider relevant, including general business environment, the operating results and financial condition of the GTN Group, future funding requirements, capital management initiatives, taxation considerations (including the level of franking credits available), any contractual, legal or regulatory restrictions on the payments of dividends by GTN Group.

A fully franked interim dividend of $0.056 per share has been declared for the half year period holders of record on 13 March 2017. This equates to 100% of NPAT for the period excluding the negative earnings generated from operations in the United States. The board has determined that the Dividend Reinvestment Plan ("DRP") will operate in respect to the 1H FY2017 distribution. DRP will be calculated by reference to the arithmetic average of the daily volume weighted average market price of GTN ordinary shares sold through a normal trade on the ASX automated trading system during the period of 10 trading days, commencing on 15 March 2017 discounted by 2.5% and then rounded to the nearest whole cent. It is anticipated that the DRP will be underwritten.

The Dividend Reinvestment Plan can be accessed here: Dividend Reinvestment PlanOpens in new window.

The DRP Election Form can be accessed here: DRP Election FormOpens in new window.

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