Heartland Group Declares NZD 0.0235 Dividend with DRP Option for September
Heartland Group Holdings Limited has announced an ordinary dividend of NZD 0.02352941 per share for the half-year ending June 2025, payable in September with a dividend reinvestment plan available.
- Ordinary dividend of NZD 0.02352941 per share declared
- Dividend fully unfranked with a supplementary component
- Ex-dividend date set for 28 August 2025
- Dividend reinvestment plan (DRP) offered with no discount
- DRP securities to be newly issued and rank pari passu
Dividend Announcement Overview
Heartland Group Holdings Limited (ASX – HGH) has declared an ordinary dividend of NZD 0.02352941 per share for the six-month period ending 30 June 2025. This dividend will be paid on 12 September 2025, with the ex-dividend date scheduled for 28 August and the record date on 29 August. The dividend is fully unfranked, reflecting the company’s New Zealand tax position, and includes a supplementary dividend component of NZD 0.00352941 per share.
Dividend Reinvestment Plan Details
Shareholders have the option to participate in Heartland’s Dividend Reinvestment Plan (DRP), which allows dividends to be reinvested into new shares rather than paid in cash. The DRP will be offered without any discount, with the reinvestment price calculated as the volume weighted average share price over the five trading days following the record date. DRP securities will be newly issued and will rank equally with existing shares from the date of issue. The deadline for DRP election is 1 September 2025 at 3 – 00 pm.
Implications for Shareholders
The dividend announcement signals Heartland’s continued commitment to returning value to shareholders amid a stable financial period. The fully unfranked nature of the dividend means investors will not receive franking credits, which is typical for companies operating primarily in New Zealand. The availability of the DRP provides flexibility for shareholders who prefer to compound their investment rather than receive cash payouts.
Looking Ahead
While the dividend amount is modest, it reflects the company’s steady earnings and capital management strategy. Investors will be watching closely to see the uptake of the DRP and how the share price responds post ex-dividend. The Board retains discretion to amend DRP participation conditions, currently limited to shareholders with addresses in New Zealand or Australia, which could impact future reinvestment dynamics.
Bottom Line?
Heartland’s steady dividend and DRP offer a measured return approach, setting the stage for investor decisions ahead of September’s payment.
Questions in the middle?
- What will be the AUD equivalent dividend once currency conversion is finalized?
- How will the market respond to the fully unfranked dividend in terms of share price movement?
- Will the Board expand DRP eligibility beyond New Zealand and Australian shareholders in the future?
