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Chairman’s Review
Washington H. Soul Pattinson and Company Limited
Annual Report 2016
8
Dividends
The chart below demonstrates WHSP’s exceptional history of paying dividends to shareholders. The Company has
not missed paying a dividend since listing in 1903 (including during the Great Depression of the 1930s and the
Global Financial Crisis of 2007–08).
20 Year Dividend History
Cents per Share
2015
2016
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
7
10
12 10
3.5
11
14
17
20
25 27 28.5 30 32 34
12.5
25
15
15
5
5
5
4
44 46 48 50
52
40
Total Ordinary Dividends
Special Dividends
Final Dividend
The Directors have declared a fully franked final dividend of 31 cents per share in respect of the year ended
31 July 2016 (2015: 30 cents fully franked). This brings total dividends for the year to 52 cents per share fully
franked (2015: 50 cents fully franked).
The record date for the final dividend will be 21 November 2016 with payment due on 12 December 2016.
WHSP is one of only two companies in the ASX All Ordinaries Index to have increased its dividend every year
for the last 16 years.
The Company receives dividends and distributions from its investments, interest from funds on deposit and
gains on property assets. The Directors declare interim and final dividends based on the Company’s regular
cash inflows less regular operating costs.
This year it will pay out, as dividends, 90.6% of its net regular cash inflows from operations (2015: 87.9%).
WHSP’s diversified portfolio continues to deliver reliable cash returns which enable it to provide increasing
fully franked dividends to its shareholders.
R D Millner
Chairman
TOTAL
DIVIDEND
FORTHEYEAR
52