SPK- Spark NZ (TELCO)

[couta1]

results in line with the forecasts , still like to see more growth in areas other than mobile.

Very bland result compared to the current share price.

[craic]

I can never find the relevant dates on these announcements - payout is usually about my birthday, 4th October.

[Gringo]

Can someone help me figure out SPK dividend paid next month? Bit confused as new shareholder...
Results announcement says 11 + 1.5c = 12.5c (so 25cps for the year). But the Dividend Appendix on NZX says Distribution amount is 14.15cps?? I'm a NZ resident with a small holding of 2,535 shares bought earlier this year. How much cash dividend would I receive on payment day?
Thanks!

[dobby41]

I can never find the relevant dates on these announcements - payout is usually about my birthday, 4th October.

The board declared a final dividend of 12.5 cents per share, made up of an 11 cent ordinary dividend and a 1.5 cent special dividend. The dividend will be paid on Oct. 5 with a record date of Sept. 21, and takes the annual return to 25 cents, or $458 million.

[bull....]

Can someone help me figure out SPK dividend paid next month? Bit confused as new shareholder...
Results announcement says 11 + 1.5c = 12.5c (so 25cps for the year). But the Dividend Appendix on NZX says Distribution amount is 14.15cps?? I'm a NZ resident with a small holding of 2,535 shares bought earlier this year. How much cash dividend would I receive on payment day?
Thanks!

2535 shares
.125 cps
gross div = $440.1
cash in hand = $317 off the top head i think 1.5c is only 75% imputed so might be only a little less than 317

[Gringo]

2535 shares
.125 cps
gross div = $440.1
cash in hand = $317

Thanks Bull.
Forgive my ignorance, but what exactly happens to the difference between gross and cash-in-hand $123.10 in my case?
Why does the SPK Dividend Form page one, say "Distribution Amount" 14.15cps?
Thanks

[bull....]

Thanks Bull.
Forgive my ignorance, but what exactly happens to the difference between gross and cash-in-hand $123.10 in my case?
Why does the SPK Dividend Form page one, say "Distribution Amount" 14.15cps?
Thanks

$123 is the imputation credit and your pay $22 with holding tax as well to ... sorry the cash in hand is $294 i was in a rush so figures are close

[Gringo]

Thanks Bull. I must study more how all that works.
NZ has a complicated tax system.
Anyway, maybe we should just sell SPK now and buy TLS

[bull....]

Thanks Bull. I must study more how all that works.
NZ has a complicated tax system.
Anyway, maybe we should just sell SPK now and buy TLS

haha tls has way more competitive pressures than spk , i rate spk the best in the au/nz sector for my exposure even if they do face pressures as well.

[Bobdn]

Well, I'm fine with the result even if the market isn't . Honestly, if they can keep that dividend up, I'll be very happy. I'm recently retired so this along with a handful of other similar shares provide much needed income for me. It's close to 3x what I'd get in a 6 month term deposit.

I probably should have gone for more growth stocks but like most New Zealanders and Australians I tend to be addicted to dividends. Bit of a mistake perhaps...

https://www.youtube.com/watch?v=WaMCWVE8o14