Use the links below to find dividends and capital returns paid by James Hardie since 2001.
FY12 Interim Ordinary Dividend
James Hardie announced on 17 November 2011 an interim ordinary dividend of US4.0 cents per each security, payable on 23 January 2012. The record date for the interim ordinary dividend is 5pm Australian Eastern Summer Time on 16 December 2011.
The interim ordinary dividend represents a pay out of approximately 20% of profits after tax for the first half of fiscal year 2012 (excluding asbestos adjustments).
Dividend Logistics
The interim ordinary dividend will be paid free of Irish 15% withholding tax to security holders resident in a country, including Australia and New Zealand, that has a double tax treaty with Ireland. It will not be franked and there is no dividend reinvestment plan in place for the dividend.
The interim ordinary dividend will be paid in Australian dollars, and the Australian dollar amount will be announced after the record date. Dividends will be paid by direct credit to Australian resident security holders. Security holders wishing to provide their direct credit details or change their dividend instructions for the interim ordinary dividend, must provide those details to James Hardie’s share registry, Computershare, by 5pm Australian Eastern Summer Time on the record date of 16 December 2011. Changes to dividend payment instructions can also be made online at www.investorcentre.com.au.
For dividends paid after this interim ordinary dividend, Irish withholding tax provisions will apply. James Hardie will provide further details to security holders in due course.
Security holders requiring further information about the interim ordinary dividend should contact the company’s share registry, Computershare, on (within Australia) 1300 855 080 or (outside Australia) +61 3 9415 4000. Custodians wishing further information about the steps they should take prior to the record date should contact Computershare on 08 8236 2345 or on 08 8236 2334.
Details about dividends are generally provided at the time of half-year and full-year results announcements. You can register to receive an email alert when information about dividends is added to the website.
Further information can be found using this link, FY12 Interim Ordinary Dividend.
Capital Management Policy
James Hardie announced on 17 May 2011 that it has adopted a capital management policy to distribute between 20% and 30% of profits after tax (excluding asbestos adjustments, which are substantially of a non-cash nature in the short-term) in the form of ordinary dividends and to conduct a more active approach to capital management which is likely to see the company buy-back or issue shares as the company’s capital needs dictate.
James Hardie expects to resume paying dividends starting with an interim dividend to be paid following the November 2011 announcement of the company’s second quarter results. There is expected to be a further dividend following the May 2012 announcement of the company’s final results for fiscal year 2012.
“After careful consideration and in seeking to create a more optimal capital structure, the Board is pleased to announce the resumption of an active approach to capital management” said James Hardie Chairman, Michael Hammes.
“This opportunity arises because of the company’s ability to generate strong cashflows, and thereby reduced debt levels, despite the continuing challenging operating environment, particularly in the USA” added Mr Hammes.
The effect of the policy announced today, in addition to James Hardie’s ongoing obligation to make contributions to the Asbestos Injuries Compensation Fund (AICF), is that the company expects to be distributing a significant portion of its operating surplus each year in the form of ordinary dividends and share buy-backs. In circumstances where the company determines that share buy-backs are not attractive, special dividends may be considered as an alternative.
In accordance with this policy, James Hardie also announced on 17 May 2011 that it will be seeking to acquire up to 5% of the company’s issued capital via an on-market share buyback during the next twelve months.
JHX Dividends per share / CUFS
JHX is the ASX/NYSE code for James Hardie Industries SE, incorporated in The Netherlands
| Payment date |
Cents |
Australian cents |
Record date |
| 2012 |
|
|
|
| 23 January 2012 |
4.0 US |
|
16 December 2011 |
| 2008 |
|
|
|
| 11 July |
8.0 US |
converted to 8.36 |
4 June 2008 |
| 2007 |
|
|
|
| 18 December |
12.0 US |
converted to 13.71 |
4 December 2007 |
| 10 July |
15.0 US |
converted to 17.89 |
14 June 2007 |
| 8 January |
5.0 US |
converted to 6.39 |
15 December 2006 |
| |
|
|
|
|
2006
|
|
|
|
| 6 July |
4.0 US
|
converted to 5.42
|
14 June |
| 2005 |
|
|
|
| 16 December |
4.0 US |
converted to 5.41 |
29 November |
| 1 July |
6.0 US |
converted to 7.83 |
9 June |
| 2004 |
|
|
|
| 1 July |
3.0 US |
converted to 4.3 |
10 June |
| 2003 |
|
|
|
| 16 December |
2.5 US |
converted to 3.45 |
27 November |
| 2 July |
2.5 US |
converted to 3.76 |
12 June |
| 30 January |
2.5 US |
converted to 4.28 |
14 January |
| 2002 |
|
|
|
| 1 November |
5.0 US |
converted to 9.17 |
15 October |
JHX Capital Returns per share / CUFS
JHX is the ASX/NYSE code for James Hardie Industries SE, incorporated in The Netherlands
| |
Cents
|
Australian cents
|
Record date
|
|
2003
|
|
|
|
|
19 November
|
14.99 US
|
converted to 21.10
|
5 November
|
|
2002
|
|
|
|
|
1 November
|
20.76 US
|
converted to 38.04
|
15 October
|
|
2001
|
|
|
|
|
16 December
|
5.0 US
|
converted to 9.65
|
6 December
|
