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Charter Hall Funds Management Limited, as responsible entity for Charter Hall Property Trust and Charter Hall Limited (ASX: CHC) is pleased to announce a distribution of 14.4 cents per security (cps) for the half year ending 31 December 2016. This represents an 8.3% increase on the distribution for the previous corresponding half year ending 31 December 2015.
As previously announced, absent unexpected events, Charter Hall’s guidance for FY17 operating earnings per security (OEPS) growth over FY16 is 17-18% growth on a pre-tax basis and approximately 7% growth on a post-tax basis. The distribution payout ratio is expected to be at the bottom end of the distribution policy range of 85% to 95% of OEPS on a full year basis.
Proposed payment details are:
|Distribution:||14.4 cents per security|
|Record date:||30 December 2016|
|Securities trade ex-distribution:||29 December 2016|
|Payment date:||28 February 2017|
CHC advises that the Distribution Reinvestment Plan continues to be suspended.