Dividend Policy
The Company’s policy is to pay a large proportion of profits as dividends to shareholders. In line with that policy, Schaffer Corporation paid dividends of 50 cents per share for the year ended 30 June 2008 (FY 2007: 50 cents per share). As in previous years, all dividends were fully franked.
Over the past five years, the Company has paid to shareholders in excess of $68 million in fully franked dividends.
Schaffer Corporation intends to maintain a high ordinary dividend payout ratio, subject to capital expenditure requirements, acquisition activity, liquidity needs and the availability of franking credits.