A Dividend Policy
One of Australian Grains Champion’s key financial objectives is to deliver superior shareholder value through the return of capital in the form of a reasonable dividend.
Australian Grains Champion has a policy of returning between 40 and 60 per cent of net profit after tax to shareholders across the business cycle.
Any declaration and payment of dividends will be subject to the satisfaction of the test set out in section 254T of the Corporations Act 2001.
The Board of Directors of Australian Grains Champion maintains the discretion to determine whether or not a dividend is payable and the amount of any dividend payment.
The dividend policy provides incentive to growers to retain and increase tonnages in the CBH storage and handling system.