[QUOTE=shasta;217429]Actually Fish, with the company tax rate now 30%, those on the 33% & 39% tax rate are at a disadvantage when receiving a dividend.
Good point -but at least the imputation credits are paid out now rather than depreciating for sometime in the future
?Re 50% dividend policy-if that was true I would be very happy and the sp would be much higher
From the website-Q: Does New Zealand Oil & Gas Ltd pay a dividend?
New Zealand Oil & Gas Ltd paid a 5c per share dividend in April 2008.
The current dividend policy is that in future years, subject to the need to retain sufficient capital to meet investment requirements, a reasonable proportion of profit will be distributed by way of an annual dividend.