The 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 | 11 March 2015 | 18 March 2015 | 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 September 2015.
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 by 5:00pm (Perth Time) on Monday, 14 March 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 Application/Notice of Variation Form may be obtained from the Company or downloaded from the Company's website: www.bel.com.au
Bentley 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 |
0.50 cent | Dividend | 11 September 2015 | 25 September 2015 | 100% |
0.55 cent | Dividend | 13 March 2015 | 20 March 2015 | 100% |
0.95 cent | Dividend | 12 September 2014 | 26 September 2014 | 100% |
One cent | Dividend | 14 March 2014 | 21 March 2014 | 100% |
One cent | Return of capital | 6 December 2013 | 12 December 2013 | N/A |
One cent | Return of capital | 15 April 2013 | 18 April 2013 | N/A |
One cent | Return of capital | 26 November 2012 | 30 November 2012 | N/A |
One cent | Return of capital | 16 April 2012 | 19 April 2012 | N/A |
5.0 cents | Return of capital | 12 October 2011 | 14 October 2011 | N/A |
2.4 cents | Dividend (Special) | 5 September 2011 | 26 September 2011 | 100% |
One cent | Dividend | 5 September 2011 | 26 September 2011 | 100% |
1 Bentley paid a distribution to shareholders every year (save on 4 occasions) since its admission to ASX in 1986.
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
20160224 BEL ASX - Declaration of Dividend.docx
It 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
Bentley is in partnership with the shareholder investment programme of the Children's Hospital 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: www.bel.com.au
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, a public benevolent institution endorsed as a "Deductible Gift Recipient" from 1 July 2000 (refer www.business.gov.au)
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Bentley Capital Limited issued this content on 24 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 February 2016 09:04:07 UTC
Original Document: http://www.bel.com.au/sites/default/files/20160224 BEL ASX Declaration of Dividend.pdf