Although Boustead has no formal dividend policy, we have a tradition of paying dividends linked to long-term net profit growth. Since resuming our annual payment of dividends in FY2003, we have achieved respectable growth in cash dividends over the past fourteen years, with a compounded annual growth rate of 7% over that period.
Our history of annual dividend payments includes:
- Fifteen consecutive years of dividend payments; and
- Paying a total of 56.8 cents in cash/scrip dividends over fifteen consecutive years, equivalent to almost 334% of the purchase price of the Boustead share at 17 cents at the beginning of FY2003.
- Paying a total of 74.9 cents in dividends over fifteen consecutive years, if we factor in the dividends in specie of Boustead Projects’ and EasyCall’s shares.