Dividends
Dividends
Dividend Policy
Heartland determines dividends (both interim and final) based on its net profit after tax, subject to maintaining a prudent level of capital for its needs. Heartland's capital needs will vary from time to time depending on a range of factors (including regulatory and credit rating requirements, general economic conditions, current and expected growth and the business mix). A key objective is to ensure an appropriate balance between maximising shareholder returns, and protecting the interests of depositors through prudent capital management.
Dividend Reinvestment Plan
Heartland has a Dividend Reinvestment Plan (DRP) which offers shareholders the opportunity to reinvest some or all of their dividend payments into ordinary shares in Heartland, free of brokerage charges. Participation in the DRP is entirely optional.
See the Offer Document for full details of the DRP.
How to participate
To participate in the DRP, you need to make a participation election either online or by completing the Participation Notice form in the Offer Document and returning it to Heartland's share registrar MUFG Corporate Markets.
Shareholders must have a New Zealand or Australian address recorded in the share register to be eligible to participate in the DRP.
Offer Document (full details of the DRP)
Download| Year | Payment type | Cents per share (NZD) | DRP price (NZD) | Payment date |
|---|---|---|---|---|
| 2024 | Final dividend | 3.0 | $1.04 | 20 September 2024 |
| 2024 | Interim dividend | 4.0 | $1.27 | 20 March 2024 |
| 2023 | Final dividend | 6.0 | $1.69 | 20 September 2023 |
| 2023 | Interim dividend | 5.5 | $1.64 | 22 March 2023 |
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Year - 2024 Payment type - Final dividend Cents per share (NZD) - 3.0 DRP price (NZD) - $1.04 Payment date - 20 September 2024 |
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Year - 2024 Payment type - Interim dividend Cents per share (NZD) - 4.0 DRP price (NZD) - $1.27 Payment date - 20 March 2024 |
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Year - 2023 Payment type - Final dividend Cents per share (NZD) - 6.0 DRP price (NZD) - $1.69 Payment date - 20 September 2023 |
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Year - 2023 Payment type - Interim dividend Cents per share (NZD) - 5.5 DRP price (NZD) - $1.64 Payment date - 22 March 2023 |
| Year | Payment type | Cents per share (NZD) | DRP price (NZD) | Payment date |
|---|---|---|---|---|
| 2024 | Final dividend | 3.0 | $1.04 | 20 September 2024 |
| 2024 | Interim dividend | 4.0 | $1.27 | 20 March 2024 |
| 2023 | Final dividend | 6.0 | $1.69 | 20 September 2023 |
| 2023 | Interim dividend | 5.5 | $1.64 | 22 March 2023 |
| 2022 | Final dividend | 5.5 | Heartland's DRP was suspended for the final dividend due to the proposed equity raise | 14 September 2022 |
| 2022 | Interim dividend | 5.5 | $2.11 | 16 March 2022 |
| 2021 | Final dividend | 7.0 | $2.27 | 15 September 2021 |
| 2021 | Interim dividend | 4.0 | $1.80 | 16 March 2021 |
| 2020 | Final dividend | 2.5 | $1.25 | 9 October 2020 |
| 2020 | Interim dividend | 4.5 | $1.59 | 11 March 2020 |
| 2019 | Final dividend | 6.5 | $1.54 | 6 September 2019 |
| 2019 | Interim dividend | 3.5 | $1.47 | 29 March 2019 |
Heartland Bank Limited (HBL)On 31 October 2018, Heartland completed a corporate restructure which resulted in Heartland Bank Limited becoming a wholly-owned subsidiary of a new listed parent company, Heartland Group Holdings Limited. All shares in Heartland Bank Limited were transferred to Heartland Group Holdings Limited. The new DRP was announced in December 2018. If you previously participated in the Heartland Bank Limited DRP and wish to continue to receive shares instead of dividend payments, you must make a new election to participate in the Heartland Group Holdings Limited DRP. |
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| Year | Payment type | Cents per share (NZD) | DRP price (NZD) | Payment date |
| 2018 | Final dividend | 5.5 | $1.63 | 21 September 2018 |
| 2018 | Interim dividend | 3.5 | $1.77 | 3 April 2018 |
| 2017 | Final dividend | 5.5 | $1.80 | 21 September 2017 |
| 2017 | Interim dividend | 3.5 | $1.59 | 7 April 2017 |
| 2016 | Final dividend | 5.0 | $1.48 | 7 October 2016 |
| 2016 | Interim dividend | 3.5 | $1.20 | 5 April 2016 |
| 2015 | Final dividend | 4.5 | $1.11 | 2 October 2015 |
| 2015 | Interim dividend | 3.0 | $1.32 | 2 April 2015 |
| 2014 | Final dividend | 3.5 | $1.02 | 3 October 2014 |
| 2014 | Interim dividend | 2.5 | $0.86 | 4 April 2014 |
| 2013 | Final dividend | 2.5 | $0.83 | 4 October 2013 |
| 2013 | Interim dividend | 2.0 | N/A | 5 April 2013 |
| 2012 | Special dividend | 1.5 | N/A | 21 December 2012 |
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Year - 2024 Payment type - Final dividend Cents per share (NZD) - 3.0 DRP price (NZD) - $1.04 Payment date - 20 September 2024 |
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Year - 2024 Payment type - Interim dividend Cents per share (NZD) - 4.0 DRP price (NZD) - $1.27 Payment date - 20 March 2024 |
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Year - 2023 Payment type - Final dividend Cents per share (NZD) - 6.0 DRP price (NZD) - $1.69 Payment date - 20 September 2023 |
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Year - 2023 Payment type - Interim dividend Cents per share (NZD) - 5.5 DRP price (NZD) - $1.64 Payment date - 22 March 2023 |
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Year - 2022 Payment type - Final dividend Cents per share (NZD) - 5.5 DRP price (NZD) - Heartland's DRP was suspended for the final dividend due to the proposed equity raise Payment date - 14 September 2022 |
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Year - 2022 Payment type - Interim dividend Cents per share (NZD) - 5.5 DRP price (NZD) - $2.11 Payment date - 16 March 2022 |
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Year - 2021 Payment type - Final dividend Cents per share (NZD) - 7.0 DRP price (NZD) - $2.27 Payment date - 15 September 2021 |
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Year - 2021 Payment type - Interim dividend Cents per share (NZD) - 4.0 DRP price (NZD) - $1.80 Payment date - 16 March 2021 |
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Year - 2020 Payment type - Final dividend Cents per share (NZD) - 2.5 DRP price (NZD) - $1.25 Payment date - 9 October 2020 |
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Year - 2020 Payment type - Interim dividend Cents per share (NZD) - 4.5 DRP price (NZD) - $1.59 Payment date - 11 March 2020 |
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Year - 2019 Payment type - Final dividend Cents per share (NZD) - 6.5 DRP price (NZD) - $1.54 Payment date - 6 September 2019 |
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Year - 2019 Payment type - Interim dividend Cents per share (NZD) - 3.5 DRP price (NZD) - $1.47 Payment date - 29 March 2019 |
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Heartland Bank Limited (HBL)On 31 October 2018, Heartland completed a corporate restructure which resulted in Heartland Bank Limited becoming a wholly-owned subsidiary of a new listed parent company, Heartland Group Holdings Limited. All shares in Heartland Bank Limited were transferred to Heartland Group Holdings Limited. The new DRP was announced in December 2018. If you previously participated in the Heartland Bank Limited DRP and wish to continue to receive shares instead of dividend payments, you must make a new election to participate in the Heartland Group Holdings Limited DRP. |
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Year - 2018 Payment type - Final dividend Cents per share (NZD) - 5.5 DRP price (NZD) - $1.63 Payment date - 21 September 2018 |
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Year - 2018 Payment type - Interim dividend Cents per share (NZD) - 3.5 DRP price (NZD) - $1.77 Payment date - 3 April 2018 |
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Year - 2017 Payment type - Final dividend Cents per share (NZD) - 5.5 DRP price (NZD) - $1.80 Payment date - 21 September 2017 |
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Year - 2017 Payment type - Interim dividend Cents per share (NZD) - 3.5 DRP price (NZD) - $1.59 Payment date - 7 April 2017 |
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Year - 2016 Payment type - Final dividend Cents per share (NZD) - 5.0 DRP price (NZD) - $1.48 Payment date - 7 October 2016 |
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Year - 2016 Payment type - Interim dividend Cents per share (NZD) - 3.5 DRP price (NZD) - $1.20 Payment date - 5 April 2016 |
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Year - 2015 Payment type - Final dividend Cents per share (NZD) - 4.5 DRP price (NZD) - $1.11 Payment date - 2 October 2015 |
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Year - 2015 Payment type - Interim dividend Cents per share (NZD) - 3.0 DRP price (NZD) - $1.32 Payment date - 2 April 2015 |
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Year - 2014 Payment type - Final dividend Cents per share (NZD) - 3.5 DRP price (NZD) - $1.02 Payment date - 3 October 2014 |
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Year - 2014 Payment type - Interim dividend Cents per share (NZD) - 2.5 DRP price (NZD) - $0.86 Payment date - 4 April 2014 |
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Year - 2013 Payment type - Final dividend Cents per share (NZD) - 2.5 DRP price (NZD) - $0.83 Payment date - 4 October 2013 |
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Year - 2013 Payment type - Interim dividend Cents per share (NZD) - 2.0 DRP price (NZD) - N/A Payment date - 5 April 2013 |
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Year - 2012 Payment type - Special dividend Cents per share (NZD) - 1.5 DRP price (NZD) - N/A Payment date - 21 December 2012 |
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Heartland changed its name from Heartland New Zealand Limited to Heartland Bank Limited on 31 December 2015 (in conjunction with the amalgamation of Heartland New Zealand Limited and Heartland Bank Limited). Accordingly, dividends dated prior to 31 December 2015 were issued under the company name Heartland New Zealand Limited.