Channel Infrastructure has announced key changes to its capital allocation framework, including an increase in the dividend policy pay-out ratio and the expectation of a higher total dividend for the 2025 financial year.
The dividend policy pay-out ratio has been raised to 70-90% of normalised free cash flow, up from 60-70%.
The company said it expects to pay a total dividend of between 12 and 12.5 cents per share in fy25, towards the lower end of the policy range, compared to 11 cents per share in fy24.
The board also plans to review Channel Infrastructure's leverage range in the coming months.
At its annual shareholders meeting, the company reiterated its guidance for the 2025 financial year and announced the proposed introduction of a dividend reinvestment plan.
It also said the board would consider a foreign-exempt dual-listing on the ASX if a significant growth opportunity arises in the next 12 to 24 months.
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