Dividend Reinvestment Plan

Eligible shareholders are invited to participate in our DRP.

Dividend Policy

Gold Road will target annual dividend payments which in aggregate represent 15 – 30% of free cash flow for each calendar year, payable by way of two half yearly payments. Gold Road’s free cash flow is defined as cash flow before debt and dividends.

Declaration of any dividend will be subject to Gold Road maintaining a minimum net cash balance of A$100 million (after the payment of any dividend). 

The declaration of, or determination to pay, dividends remains at the absolute discretion of Gold Road’s Board of Directors after taking into account a number of factors, including but not limited to, Gold Road’s underlying financial performance and cash flow, commodity price expectations, balance sheet and treasury risk management, working capital needs and competing internal and external investment opportunities necessary for future growth, development and exploration. 

Gold Road intends to establish a Dividend Reinvestment Plan in due course, and may, from time to time, provide shareholders with the option to increase their shareholding by reinvesting all or part of any potential future dividend in additional Gold Road shares.

Dividend Reinvestment Plan (DRP)

The DRP provides eligible shareholders with a convenient opportunity to reinvest all or part of their dividends to obtain additional Gold Road shares without having to pay any brokerage, commission, or other transaction costs to Gold Road in respect of shares issued under the DRP. The DRP will support Gold Road’s future capital expenditure and proactively prepare our balance sheet for growth.

Dividend History

Period Payment Date Record Date Payment ps Franked % DRP Disc

2020 Final

2021 Interim 

2021 Final

2022 Interim

2022 Final 

14 April 2021

28 October 2021

5 May 2022

4 October 2022

27 March 2023

26 March 2021

28 Sept 2021

4 April 2022

6 September 2022

2 March 2023
















PeriodPayment DateRecord DatePayment per shareFranked %DRP Disc
2020 Final14 April 202126 March 2021$0.015100%n/a
2021 Interim28 October 202128 Sept 2021$0.005100%n/a
2021 Final5 May 20224 April 2022$0.005100%2.5%
2022 Interim4 October 20226 September 2022$0.010100%2.5%
2022 Final27 March 20232 March 2023$0.005100%1.5%
2023 Interim5 October 20234 September 2023$0.012100%1.5%
2023 Final2 April 20241 March 2024$0.010100%2.0%
Period Payment Date Record Date Payment ps Franked % DRP Disc
2020 Final

Related Documents

Important Document Icons - Download Free Vector Icons | Noun ProjectDividend Policy  (Sept 2020)

Share Register Contact

Computershare Investor Services Pty Ltd

Mailing Address:
GPO Box 242
Melbourne VIC 3001

Phone: 1300 850 505 (within Australia)
or +61 3 9415 4000 (outside Australia)

[email protected] 




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