Dividend Policy

It is the current intention of the directors of Third Age Health to distribute dividends in accordance with the following dividend policy:

  • The directors have established a Net Debt to EBITDA ratio cap of 2x which they believe provides adequate headroom to support business growth. 
  • The Board expects that a dividend pay-out ratio of 75% of profit after income tax from continuing operations will provide it with flexibility and be appropriate,
    and to make two dividend payments per annum following the six-monthly and annual results. 
  • To the extent they are available, it is the intention of the Board to attach imputation credits to dividends.
 
The payment and amount of any future dividends are not guaranteed and will be at the discretion of the Board after taking into account various factors the Board
deems relevant. These factors may include Third Age Health’s financial condition and solvency requirements, operating results, current and anticipated cash needs,
plans for expansion and debt covenants.

Care. Trust. Kindness.

ABOUT US

Third Age Health is a rapidly-expanding medical practice that focusses on the Aged Residential Care sector

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  • New Zealand
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