Dividend information and history

Air New Zealand's dividend policy is to pay an ordinary dividend equal to between 40% to 70% of underlying net profit after tax, subject to the Board's due consideration of various factors it deems relevant. These factors may include the Company's current and forecast key credit metrics, earnings, operating cashflows, debt repayment and capital requirements (including fleet investments).

The pay-out ratio range of 40% to 70% is intended to provide sufficient flexibility for dividends to be maintained through cycles in economic conditions and Air New Zealand's investment profile.

Dividend payments are expected to be split into an interim dividend paid in March and a final dividend in September and are paid in New Zealand and Australian dollars.

The Board intends to attach imputation credits to dividends to the extent that they are available.

There may be periods of time when excess capital is available to be returned to shareholders, separate to the ordinary dividend. These will be at the discretion of the Board and may take place via special dividends or share buybacks.

Notwithstanding the above, the Board of Air New Zealand has absolute discretion to change its intention, to increase or reduce dividends, or not authorise any dividends at all on Air New Zealand shares.

If you require a historical dividend statement, please contact Link Market Services, our share registrar, here.

Financial year to 30 June	Amount*	Imputation credits*	Supplementary dividend*	Date paid
2025 Interim	1.25	-	-	19 Mar
2024 Final	1.5	-	-	26 Sep
2024 Interim	2.0	-	-	21 Mar
2023 Special	6.0	2.3	1.1	21 Sep
2023 Interim	-	-	-	-
2022 Final	-	-	-	n/a
2022 Interim	-	-	-	n/a
2021 Final	-	-	-	n/a
2021 Interim	-	-	-	n/a
2020 Final	-	-	-	n/a
2020 Interim	-	-	-	n/a
2019 Final	11.0	4.3	1.9	18 Sep
2019 Interim	11.0	4.3	1.9	27 Mar
2018 Final	11.0	4.3	1.9	19 Sep
2018 Interim	11.0	4.3	1.9	16 Mar
2017 Final	11.0	4.3	1.9	18 Sep
2017 Interim	10.0	3.9	1.8	17 Mar
2016 Special	25.0	9.7	4.4	19 Sep
2016 Final	10.0	3.9	1.8	19 Sep
2016 Interim	10.0	3.9	1.7	18 Mar
2015 Final	9.5	3.7	1.7	21 Sep
2015 Interim	6.5	2.5	1.1	20 Mar

Financial year to 30 June

2025 Interim

Amount*

1.25

Imputation credits*

Supplementary dividend*

Date paid

19 Mar

Financial year to 30 June

2024 Final

Amount*

1.5

Imputation credits*

Supplementary dividend*

Date paid

26 Sep

Financial year to 30 June

2024 Interim

Amount*

2.0

Imputation credits*

Supplementary dividend*

Date paid

21 Mar

Financial year to 30 June

2023 Special

Amount*

6.0

Imputation credits*

2.3

Supplementary dividend*

1.1

Date paid

21 Sep

Financial year to 30 June

2023 Interim

Amount*

Imputation credits*

Supplementary dividend*

Date paid

Financial year to 30 June

2022 Final

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2022 Interim

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2021 Final

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2021 Interim

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2020 Final

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2020 Interim

Amount*

Imputation credits*

Supplementary dividend*

Date paid

n/a

Financial year to 30 June

2019 Final

Amount*

11.0

Imputation credits*

4.3

Supplementary dividend*

1.9

Date paid

18 Sep

Financial year to 30 June

2019 Interim

Amount*

11.0

Imputation credits*

4.3

Supplementary dividend*

1.9

Date paid

27 Mar

Financial year to 30 June

2018 Final

Amount*

11.0

Imputation credits*

4.3

Supplementary dividend*

1.9

Date paid

19 Sep

Financial year to 30 June

2018 Interim

Amount*

11.0

Imputation credits*

4.3

Supplementary dividend*

1.9

Date paid

16 Mar

Financial year to 30 June

2017 Final

Amount*

11.0

Imputation credits*

4.3

Supplementary dividend*

1.9

Date paid

18 Sep

Financial year to 30 June

2017 Interim

Amount*

10.0

Imputation credits*

3.9

Supplementary dividend*

1.8

Date paid

17 Mar

Financial year to 30 June

2016 Special

Amount*

25.0

Imputation credits*

9.7

Supplementary dividend*

4.4

Date paid

19 Sep

Financial year to 30 June

2016 Final

Amount*

10.0

Imputation credits*

3.9

Supplementary dividend*

1.8

Date paid

19 Sep

Financial year to 30 June

2016 Interim

Amount*

10.0

Imputation credits*

3.9

Supplementary dividend*

1.7

Date paid

18 Mar

Financial year to 30 June

2015 Final

Amount*

9.5

Imputation credits*

3.7

Supplementary dividend*

1.7

Date paid

21 Sep

Financial year to 30 June

2015 Interim

Amount*

6.5

Imputation credits*

2.5

Supplementary dividend*

1.1

Date paid

20 Mar

* New Zealand cents per share