Downer EDI has announced that the dividend rate on the ROADS preference shares has been set at 9.43% per annum.
The rate will be applicable for the period between June 15 2024 and the next reset date of June 15 2025.
The dividend will be payable quarterly in arrears.
The 9.43% per annum rate is calculated based on the one year swap rate on June 17 2024 of 5.38% per annum, plus the step-up margin of 4.05% per annum.
Downer EDI advised that holders of the preference shares are not required to take any action.
The company also saidit intends to continue fully imputing dividends.
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