Wednesday, 31 August 2016
MARKET ANNOUNCEMENT DECLARATION OF DIVIDENDThe Directors are pleased to announce the payment of a 0.50 cent per share fully franked dividend:
Dividend | Record Date | Expected Payment Date | Franking |
0.50 cent per share | 22 September 2016 | 29 September 2016 | 100% franked |
This is consistent with Bentley's stated Dividend Policy (referred to below) to make annual distributions of at least one cent per share - as Bentley paid a 0.50 cent per share fully franked dividend in March 2016.
Dividend Reinvestment Plan (DRP)Bentley's DRP will apply to this dividend. The Directors have determined that the DRP issue price will be at a 2.5% discount to Bentley's volume weighted average price on ASX in the 5 day period up to and including the dividend record date. Bentley will lodge a market announcement advising the final DRP issue price after the record date.
New or updated DRP Election Forms should be lodged with Bentley's Share Registry (Advanced Share Registry Services) by 5:00pm (Perth Time) on Friday, 23 September 2016.
Shareholders do not need to re-confirm their existing DRP elections.
Shares issued under the DRP will rank equally with existing shares. A copy of Bentley's DRP Rules and DRP Application Form may be obtained from the Company or downloaded from the Company's website: http://bel.com.au/forms
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Recent Distribution HistoryBentley has maintained a consistent track record of twice a year distributions to shareholders with recent payments being as follows:
Rate per share | Nature | Record Date | Payment Date | Franking | DRP Issue Price |
0.50 cent | Dividend | 11 March 2016 | 18 March 2016 | 100% | $0.1322 |
0.50 cent | Dividend | 11 September 2015 | 25 September 2015 | 100% | $0.1453 |
0.55 cent | Dividend | 13 March 2015 | 20 March 2015 | 100% | $0.1327 |
0.95 cent | Dividend | 12 September 2014 | 26 September 2014 | 100% | $0.1486 |
One cent | Dividend | 14 March 2014 | 21 March 2014 | 100% | $0.1441 |
One cent | Return of capital | 6 December 2013 | 12 December 2013 | N/A | N/A |
One cent | Return of capital | 15 April 2013 | 18 April 2013 | N/A | N/A |
One cent | Return of capital | 26 November 2012 | 30 November 2012 | N/A | N/A |
One cent | Return of capital | 16 April 2012 | 19 April 2012 | N/A | N/A |
5.0 cents | Return of capital | 12 October 2011 | 14 October 2011 | N/A | N/A |
2.4 cents | Dividend (Special) | 5 September 2011 | 26 September 2011 | 100% | $0.2188 |
One cent | Dividend | 5 September 2011 | 26 September 2011 | 100% | $0.2188 |
1 Bentley has paid a distribution to shareholders every year (save on 4 occasions in its 31 year history) since its admission to ASX in 1986. Refer to Bentley's website for full distribution history: http://bel.com.au/investors
www.bel.com.au
BENTLEY CAPITAL LIMITED A.B.N. 87 008 108218
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
ASX Code: BEL T | (08) 9214 9757 F | (08) 9214 9701 E | info@bel.com.au
20160831 BEL ASX Declaration of Dividend
Dividend PolicyIt is the objective of Bentley to provide a regular and stable distribution to shareholders after the announcement of its half year and full year operating results. These results are normally announced at the end of February and August each year and Bentley will endeavour to announce its proposed distribution at this time.
Bentley intends to make annual distributions to shareholders of at least one cent per share, to the extent permitted by law and subject to prudent business practice. It is envisaged that shareholder distributions will be made twice per year. Dividends will be franked to the extent that available franking credits permit. Capital returns will be subject to prior shareholder approval
Dividend Donation SchemeBentley is in partnership with the shareholder investment programme of the Childre n's Hospita l Foundations Australia2, a national fundraising organisation supporting Australia's five major children's hospital foundations. Through a single gateway, Children's Hospital Foundations Australia has unique access to a national network of children's hospitals providing 1.6 million treatments for children each year.
Bentley encourages all shareholders to participate in the Company's Dividend Donation Programme, particularly those receiving smaller dividend cheques where the amount of the dividend can be less than the transaction and processing costs incurred by the Company with respect to payment of such dividend.
A copy of a Dividend Donation Election Form may be obtained from the Company or downloaded from the Company's website: http://bel.com.au/forms
FOR FURTHER INFORMATION:Farooq Khan Chairman | Victor Ho Company Secretary |
T | (08) 9214 9757 | T | (08) 9214 9757 |
E | info@bel.com.au | E | cosec@bel.com.au |
2 Children's Hospital Foundations Australia (www.childrenshospitals.org.au) is administered by the Sydney Children's Hospital Foundation Limited ABN 72 003 073 185, which is endorsed as a "Deductible Gift Recipient" (refer www.business.gov.au)
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Bentley Capital Limited published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2016 05:53:08 UTC.
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