DRP $1.404. A nice lift to SP today, so looking like the right way to get the dividend this time.
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DRP $1.404. A nice lift to SP today, so looking like the right way to get the dividend this time.
People generally want an income and older New Zealanders love, or depend on dividend bearing stocks. Sure the dividend from Oceania is not something to boast about, but some are dependant on it, rather than selling shares to live. Plus does the company not pay 28% tax on profit regardless if it didn't pay a dividend?
No imputation at all, aren't we making any taxable profit. Yep have to agree, keep the dividend, pay off debt, have a buyback, wait for some imputation credits.
Not efficient to pay divvies without imps.
LOL - didn't you read the annual report? Have a re-check of page 76 and tell us how much tax they are paying ... and what percentage this would be off the income :p;
However - here is a hint - the fact that their dividend is not imputed clearly shows they don't pay income taxes in NZ. Issue is - a significant part of their "income" are re-valuation gains which they don't need to pay taxes for (due to not realized).