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 Board has established a Net Debt to EBITDA ratio cap of 2x, which it believes provides appropriate headroom to support organic and inorganic growth.
-
Subject to maintaining this ratio and a prudent assessment of capital requirements, the Board intends to pay a quarterly dividend of 4 cents per share, reflecting its aim to provide shareholders with consistent returns of capital via dividends.
-
To the extent they are available, it is the Board’s intention to attach imputation credits to dividends.
The payment and amount of any future dividends are not guaranteed and will remain at the discretion of the Board, taking into account factors such as financial condition and solvency requirements, operating results, current and anticipated cash needs, plans for expansion, and debt covenants.
