HVN Dividend, HVN Dividend Dates, HVN Dividend yield

HVN is one of the highest yielding blue-chip stocks, with a very attractive grossed-up yield of 9.8%. But is this sustainable and why is their dividend so high? HVN Dividend Report.

HVN Dividend Snapshot

HVN Dividend, HVN Dividend Dates, HVN Dividend yield
DPS (Trailing 12-Month)$0.38
Gross DPS (Trailing 12-Month)$0.5429
Dividend yield6.86%
Gross yield9.80%
Payout Ratio61%
DRPNo
DRP Discount

HVN Dividend Dates 2021

HVN Dividend, HVN Dividend Dates, HVN Dividend yield
SummaryInterim DividendFinal Dividend
Per-share20cTBA
Declaration date26/02/202131/08/2021
Ex-div date31/03/20217/10/2021
Pay date03/05/20211/11/2021

HVN Dividend History Graph

HVN typically announces a dividend with the release of its half-year results in February and full-year results in August. HVN Dividends are typically paid twice a year, in May (interim dividend) and November-December (final dividend).

FMG has paid a dividend every year since 1988. Including 2020 during the COVID-19 recessionary period. All dividends have been fully franked. They also offer do not offer a Dividend Reinvestment Plan (DRP). Here’s their shareholder’s report page.

HVN Yield Comparison

HVN’s current gross dividend yield is 9.80%. This is above the market average. This places HVN as one of the largest yield stocks on the ASX.

The current HVN yield of 9.80% far exceeds the Average Term Deposit rate of 0.4%

HVN Dividend, HVN Dividend Dates, HVN Dividend yield

Net HVN Dividend Yields Over Time

We can see HVN’s net dividend yield has fluctuated and slowly grown between 2016-2018 related to a reduction in share price. We can see the spike in yield in 2020 related to the COVID crash. Overall HVN has averaged around 6%. From this, we can HVN’s current net yield of 6.86% is around its historic average.

HVN Dividend, HVN Dividend Dates, HVN Dividend yield

HVN Dividend Payout Ratio

HVN Dividend, HVN Dividend Dates, HVN Dividend yield

A companies dividend payout ratio is the ratio of the total dividend sum paid out relative to the net income of the company. It is the percentage of earnings paid to shareholders in dividends.

Based on current averages HVN’s payout ratio is 61%, which we expect to decrease in the coming years to a ratio of 74%.

HVN Dividend, HVN Dividend Dates, HVN Dividend yield

In FY21 we saw have seen HVN payout their Interim Dividend in May. The dividend amount was 20 cents and was fully franked. The total amount paid out to investors was $249.20 million and 106,801 in franking credits.

HVN’s Franking Account Balance
HVN Dividend, HVN Dividend Dates, HVN Dividend yield

HVN’s Franking account is well-capitalized to continue fully-franked dividends into the future.

HVN Share Price

HVN Dividend Policy

The Dividend Policy of the Company is to pay such dividends as to not compromise the capability of the Company to execute strategic objectives.

Below is HVN’s Historic Payout ratio:

201154.74%
201276.21%
201363.53%
201452.74%
201568.98%
201676.53%
201776.92%
201871.28%
201986.53%
202053.64%
2021

Although HVN doesn’t have a numeric dividend policy, we can see their range has been between 50 and 87%, averaging 68%.

When will my HVN Dividends be Paid?

HVN Dividend, HVN Dividend Dates, HVN Dividend yield

HVN typically announces a dividend with the release of its half-year results in February and full-year results in August.  Dividends are typically paid twice a year, in May (interim dividend) and November (final dividend). 

HVN Dividend History

Distribution TypeDividendFrankingEx-dividend datePayment date
Result20¢100%31 Mar 20213 May 2021
H F Result18¢100%9 Oct 20202 Nov 2020
Result100%22 Jun 202029 Jun 2020
H F Result21¢100%10 Oct 20191 Nov 2019
Result12¢100%4 Apr 20191 May 2019
H F Result18¢100%11 Oct 20182 Nov 2018
Result12¢100%5 Apr 20181 May 2018
H F Result12¢100%31 Oct 20171 Dec 2017
Result14¢100%6 Apr 20172 May 2017
H F Result17¢100%31 Oct 20161 Dec 2016
Result13¢100%7 Apr 20162 May 2016
H F Result11¢100%29 Oct 20151 Dec 2015
Result100%8 Apr 20154 May 2015
Result14¢100%10 Dec 201430 Dec 2014
H F Result100%30 Oct 20141 Dec 2014
Interim100%7 Apr 20145 May 2014
Final4.5¢100%28 Oct 20132 Dec 2013
Interim4.5¢100%8 Apr 20136 May 2013
Final100%29 Oct 20123 Dec 2012
Interim100%5 Apr 20127 May 2012
Final100%28 Oct 20115 Dec 2011
Interim100%11 Apr 20112 May 2011
Final100%29 Oct 20106 Dec 2010
Interim100%12 Apr 20103 May 2010
Final100%30 Oct 20097 Dec 2009
Interim100%9 Apr 20094 May 2009
Final100%31 Oct 20088 Dec 2008
Interim100%14 Apr 20085 May 2008
Final100%2 Nov 200710 Dec 2007
Interim100%16 Apr 20077 May 2007
Final100%3 Nov 200611 Dec 2006
Interim100%11 Apr 20068 May 2006
Final3.5¢100%7 Nov 200512 Dec 2005
Interim100%18 Apr 200513 May 2005
Final4.5¢100%8 Nov 200410 Dec 2004
Interim100%14 Apr 20047 May 2004
Final2.5¢100%10 Nov 20035 Dec 2003
Interim2.5¢100%14 Apr 20035 May 2003
Final2.5¢100%11 Nov 20022 Dec 2002
Interim100%16 Apr 20026 May 2002
Final100%12 Nov 20013 Dec 2001
Interim100%12 Apr 20017 May 2001
Final100%13 Nov 20004 Dec 2000
Interim1.5¢100%10 Apr 20001 May 2000
Final7.5¢100%15 Nov 19996 Dec 1999
Final100%11 Nov 19987 Dec 1998
Interim100%9 Apr 19984 May 1998
Final100%17 Oct 19978 Dec 1997
Interim5.5¢100%10 Apr 19972 May 1997
Final5.5¢100%23 Sep 19962 Dec 1996
Interim100%11 Apr 19963 May 1996
Final100%21 Sep 19954 Dec 1995
Interim4.5¢100%11 Apr 19955 May 1995
Final4.5¢100%21 Sep 19945 Dec 1994
Interim3.75¢100%14 Apr 19946 May 1994
Final100%29 Oct 199326 Nov 1993
Interim100%15 Apr 19937 May 1993
Final100%30 Oct 199227 Nov 1992
Interim100%9 Apr 19921 May 1992
Final100%4 Nov 199129 Nov 1991
Interim4.75¢100%11 Apr 19913 May 1991
Final4.5¢100%5 Nov 199030 Nov 1990
Interim100%10 Apr 19904 May 1990
Final100%6 Nov 198930 Nov 1989
Interim3.5¢100%12 Apr 19894 May 1989
Final100%1 Nov 198824 Nov 1988
Interim2.75¢100%8 Apr 198828 Apr 1988
HVN Dividend, HVN Dividend Dates, HVN Dividend yield
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