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7. Dividends and Shareholder tax credits Dividends
Year ended June 2018 NZ$M
Year ended June 2017 NZ$M
Dividends of 19 cents per share paid to shareholders in October 2017 (October 2016: 20 cents per share) There was no interim dividend paid to shareholders in April 2018 (April 2017: 20 cents per share)
132
139 139
132 278 In line with the Company's dividend policy, the Board determined that it would not declare an interim or final dividend for the 2018 financial year. Shareholder tax credits Imputation and franking credits allow the Company to transfer the benefit from the tax it has paid in New Zealand and Australia respectively to its shareholders when it pays dividends.
June 2018 NZ$M
June 2017 NZ$M
Fletcher Building Group
Imputation credit account Imputation credits at the beginning of the year
4
29 53
33
Taxation paid
(37)
Imputation credits attached to dividends paid
(78) 4
June 2018 A$M
June 2017 A$M
Franking credit account Franking credits at the beginning of the year
27
26
Taxation paid
(2)
5
Franking credits received
3
32
27
69 Fletcher Building Limited Annual Report 2018
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