Calm down and read the 5 June announcement.
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Yes I think Percy will be as pleased as the rest of us to see a 20% plus growth in Net Operating Income from both Rural and Business sector lending while home mortgages have been reduced. They continue to be clearly focused on the higher margin business as they've said they would and are achieving good results. No surprise announcement really which is what we expect from HNZ. I am very pleased with this result and will definitely partake in the DRP
I don't understand why not ? See below from the announcement.
"The directors of Heartland have resolved to pay a final dividend for the full year ended 30 June 2013 of 2.5 cents per share. This dividend will be paid on 4 October 2013 to shareholders on Heartland’s register as at 5.00pm on 20 September 2013 (the Record Date). This dividend will be fully imputed.
The Dividend Reinvestment Plan announced on 23 April 2013 (DRP) will be available, and a discount of 2.5% will apply (that is, the strike price under the DRP will be 97.5% of the volume weighted average sale price of Heartland shares over the 5 trading days following the Record Date)(7). Participation in the DRP is entirely optional, and shareholders wishing to participate should make a participation election in one of the ways specified in the DRP offer document. The last date of receipt for a participation election from a shareholder who wishes to participate in the DRP is 20 September 2013."
A further announcement has now clarified this - the DRP does apply.