Schaffer Corporation has managed to make annual dividend payments to shareholders in every one of its years as a publicly listed company.
The Company’s policy is to pay dividends to shareholders. In line with that policy, Schaffer Corporation paid dividends of 90 cents per share for the year ended 30 June 2023 (FY 2022: 90 cents per share). As in previous years, all dividends were fully franked.
Over the past 5 years, the Company has paid to shareholders approximately $55.4 million in fully franked dividends.
Schaffer Corporation intends to maintain a high ordinary dividend payout ratio, subject to capital expenditure requirements, acquisition activity, liquidity needs and the availability of franking credits.