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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GTN's success can be attributed to the value proposition it provides to both broadcasters and advertisers...


A Global Business


ATN commenced operations in 1997 and is now one of the largest broadcast media advertising platforms in Australia by audience reach, covering 32 markets and the majority of the country's population.


CTN commenced operations in 2005 and is now one of the largest broadcast media advertising platforms in Canada by audience reach, covering 14.3 million radio listeners and 8.4 million television viewers.


UKTN commenced operations in 2007 and is now one of the largest broadcast media advertising platforms by audience reach in the United Kingdom, covering all markets and reaching 27.6 million commercial radio listeners.


BTN is currently the sole provider of third party traffic reporting to radio broadcasters in Brazil. Since entering the market in 2011, BTN has grown to cover approximately 35 radio stations across three major metropolitan markets, being Sao Paulo, Rio de Janeiro and Belo Horizonte.