Heartland announces Dividend Policy and Special Dividend
30 November 2012
Heartland New Zealand Limited (Heartland) (NZX:HNZ) has adopted a dividend
policy, and determined to pay a special dividend.
The directors of Heartland have adopted a dividend policy. The policy is as
Heartland will determine dividends (both interim and final) based on its net
profit after tax, subject to maintaining a prudent level of capital for its
needs. Heartland''s capital needs will vary from time to time, depending on a
range of factors (including regulatory and credit rating requirements,
general economic conditions, current and expected growth and the mix of
business). A key objective is to ensure an appropriate balance between
maximising shareholder returns, and protecting the interests of depositors
through prudent capital management.
The directors of Heartland have resolved to pay a special dividend of 1.5
cents per share on 21 December 2012 to shareholders on the company''s register
as at 5.00pm on 14 December 2012. This dividend will be fully imputed.
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For additional information contact: Anna-Lisa Strain
+ 64 9 927 9151
End CA:00230515 For:HNZ Type:DIVIDEND Time:2012-11-30 14:58:14