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DICKER DATA LIMITED — Notice of Dividend Amount 2011
Dec 21, 2011
64763_rns_2011-12-21_2736d4e2-c72c-453c-b211-195066ba4837.pdf
Notice of Dividend Amount
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230 Captain Cook Drive KURNELL NSW 2231 Freecall: 1800 688 586 Freefax: 1800 688 486
www.dickerdata.com.au
Dicker Data is the registered trading name for Dicker Data Ltd ABN 95-000-969-362
22 December 2011
Manager of Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
By E-Lodgement
DIVIDEND POLICY
Dicker Data Limited (ASX: DDR) is pleased to announce that the Board of Directors has adopted a new dividend policy for the Company.
The new dividend policy provides for Dicker Data to pay dividends on a quarterly basis, with the aim to pay out dividends of up to 100% of underlying after tax profits from operations. Dividends will be declared in the last month of each quarter. These dividends will be fully franked.
In determining the amount of dividends, the Board will take into account –
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Historical earnings of the Company;
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Free cash flow from trading available for dividend payments;
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The projected capital expenditure requirements of the Company;
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The trading forecast for the Company.
The first dividend under the new policy was declared today.
The Board of Directors has taken into account the historic and projected trading of the Company and Dicker Data’s current borrowing arrangements in establishing the new dividend policy.
David Dicker CEO and Chairman
About Dicker Data Limited
Dicker Data Limited was listed on the Australian Stock Exchange on January 24[th] , 2011. Since its listing, the company has achieved record trading results. The Company is Australia’s largest and longest established Australian owned distributor of Information Technology products. Its vendors include Hewlett-Packard, Toshiba, Samsung, ASUS and other major brands. The Company’s clients include over 2,600 value added resellers.
Further Information
Further information can be obtained by contacting either Mary Stojcevski, Chief Financial Officer by email to [email protected], or Newport Capital Group, as Corporate Advisers to the Company by email to [email protected].