Downer EDI has announced that the dividend rate on the ROADS preference shares for the period from June 15, 2025, to the next reset date of June 15, 2026, has been set at 7.27% per annum.
The company said the rate, which is payable quarterly in arrears, is based on the one-year swap rate of 3.22% per annum plus a step-up margin of 4.05% per annum.
Downer EDI also stated its intention for the dividends to continue to be fully imputed.
Holders of the preference shares are not required to take any action.
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