Journal

Hepburn Wind’s first dividend for members

Hepburn Wind’s first dividend for members

Hepburn Wind is happy to declare our first dividend for members!

The co-operative’s directors have carefully reviewed Hepburn Wind’s assets, liabilities and expected cash flows and are satisfied that Hepburn Wind is now in a position to declare our first dividend for members. This will be a fully franked dividend of 2.6c per fully paid ordinary share (representing a dividend of approximately $259,000 in total).

Some of our members have noted that they would like to reinvest their dividend or donate it to the Hepburn Wind Community Fund. Members will have the option to reinvest in the Dividend Reinvestment Plan (DRP) or donate via the Dividend Donation Plan and where a member does not elect an option, the default will be to receive fully franked dividends. Members may choose to elect one, or a combination of these options.

Members are encouraged to read both the:

Dividend Reinvestment Plan

The board of Hepburn Wind has recently introduced and activated a Dividend Reinvestment Plan (DRP). The DRP will enable Hepburn Wind members to reinvest their dividend in part or in full to the co-operative, increasing their member shareholding. The full terms of the DRP are contained in the:

Dividend Donation Plan

A number of members have requested an option to donate their dividend to Hepburn Wind’s Community Fund. If members choose to donate to the Community Fund, the contribution will be directed to the Energy Fund stream. To find out more about the Dividend Donation option, read the:

How to participate

You can provide or update your bank account details or elect to participate in the Dividend Reinvestment or Donation Plans on-line by visiting our Share Registry provider Link. Please jump on the Hepburn Wind Membership page and scroll down to “Using Links Online Services”.

For any queries on the process please contact the Hepburn Wind Share Registry on +61 1300 554 474 or email registrars@linkmarketservices.com.au

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