Although Boustead has no formal dividend policy, we have a tradition of paying dividends linked to long-term net profit growth. Since resuming our payment of dividends in FY2003, we have achieved respectable growth in cash dividends over the past fifteen years, with a compounded annual growth rate of 10% over that period.
Our history of annual dividend payments includes:
- Sixteen consecutive years of dividend payments;
- Paying a total of 59.8 cents in cash/scrip dividends over sixteen consecutive years, equivalent to almost 352% of the purchase price of the Boustead share at 17 cents at the beginning of FY2003; and
- Paying a total of 77.9 cents in dividends over sixteen consecutive years, if we factor in the dividends in specie of Boustead Projects’ and EasyCall’s shares.