Dividends
Dividends are paid in accordance with our Dividend Policy and determined in US dollars. We do not currently have a dividend reinvestment plan.
Dividend Determination (detailed in our February Half-Year Results and August Full Year Results announcements) and Currency Exchange Rate announcements are available on our Exchange Releases page.
View our dividend history
Currency election and payment options
We have introduced mandatory direct credit. As such, we pay dividends or other amounts in respect of shares, directly into the shareholder’s nominated bank or financial institution account (excluding credit card accounts). See more information on mandatory direct credit.
Shareholding
Australian Register (Issuer sponsored and CHESS sub-registers)
South African Branch Register (JSE, STRATE, Certificated holders)
UK Depositary Interests (LSE, CREST and Corporate Sponsored Nominees facilities)
Payments
South32 shareholders who hold shares on the Australian register will be paid dividends by direct credit in Australian Dollars (AUD) and can elect to receive a different currency by providing valid New Zealand Dollar (NZD), Pound Sterling (GBP) or United States Dollar (USD) banking instructions. These instructions must be provided to Computershare by 8pm (AEDT) on the Record Date. It is not necessary for the shareholder to have a registered address in the country of the chosen currency.
South32 shareholders who hold shares on the South African branch register will be paid dividends by direct credit in South African Rand (ZAR) and cannot elect to receive a different currency. These instructions must be provided to Computershare by the Record Date.
South32 UK Depository Interest (DI) holders will be paid dividends by direct credit in Pound Sterling (GBP) and cannot elect to receive a different currency. These instructions must be provided to Computershare by the Record Date.
For Australian shareholders, currency elections and direct credit (banking) details can be provided online at www.computershare.com.au/Investor, by calling Computershare Investor Services on 1800 019 953 or +61 3 9415 4169 (Monday to Friday 8.00am to 7.00pm AEDT) or by completing the Direct Credit form.
Individuals may provide banking instructions over the phone using Computershare’s automated system. A Direct Credit form can be sent via email or post to the registered address. Charges will apply for printed form requests.
For South African and UK Depositary Interest holders, direct credit (banking) details can be provided electronically or by calling Computershare Investor Services on:
- South African branch register holders - www.computershare.com/za, email: [email protected], smart number 0861 100 950
- UK Depositary Interest holders - www.investorcentre.co.uk or +44 (0) 370 873 5884
Computershare can also tell you if you have received a dividend and its value, and if you have any unpresented cheques.
American Depositary Receipt Holders
We have a Level 1 American Depositary Receipt (ADR) program, which trades in the United States over the counter market. Our ADRs each represent five fully paid ordinary shares in South32 and ADR holders will receive dividends accordingly, subject to the terms of the Depositary Agreement.
Contact Citibank Shareholder Services by email on: [email protected] or by calling +1 877 248 4237 (+1-877-CITIADR) (toll-free within US) or +1 781 575 4555 (outside of US).
Dividends and taxation
It is recommended that shareholders review their tax information in advance of the Record Date.
For shareholders who acquired their shares through the BHP Billiton Limited demerger, Tax File Numbers (TFN), Australian Business Numbers (ABN) or Exemptions were not able to be carried over to the South32 register, therefore this information needs to be provided.
South32 has obligations under law to withhold tax from the dividend in certain circumstances. Your tax obligations will vary depending on your financial circumstances and where you reside. You should take individual advice on the tax treatment of the dividend. By way of guidance only:
If you are an Australian tax resident shareholder and have:
- provided Computershare with your TFN or ABN or Exemption, you will not be subject to withholding tax on the unfranked portion of dividends.
- not provided a TFN or ABN or Exemption, tax will be deducted from the unfranked portion of the dividend at the highest marginal rate (no tax will be deducted from the franked portion of the dividend).
TFN, ABN or Exemption details can be provided online at www.computershare.com.au/Investor, by calling Computershare Investor Services on 1800 019 953 or +61 3 9415 4169 (Monday to Friday 8.30am to 5.00pm AEST) or alternatively, by completing the TFN, ABN or Exemption form.
If you are a non-Australian resident no Australian withholding tax applies to the unfranked portion of the dividend on the basis that it is declared to be conduit foreign income (no tax will be deducted from the franked portion of the dividend).
If you are a South African individual or trust on the South African Branch Register, 20 per cent withholding tax applies.