A key element of BlueScope’s Financial Framework is to maintain strong financial capacity, so we can robustly weather industry and economic cycles and deliver on opportunities to build value and deliver returns to shareholders.
Capital management approach
Our capital management framework operates a returns-focussed process with disciplined competition for capital, balancing shareholder returns and long-term profitable growth, while seeking to retain strong credit metrics, and a resilient balance sheet.
Given this approach, and in line with Our Financial Framework, our current policy is to distribute at least 50% of free cash flow to shareholders as consistent dividends and buy-backs.
Share buy-back
We seek to use on-market share buy-backs to supplement paying consistent dividends. Buy-backs are attractive given their flexibility in managing capital and for the contribution they can deliver to Earnings Per Share. The timing and value of shares purchased will depend on factors such as the prevailing market conditions and share price.
Dividends
Dividend Reinvestment Plan
The BlueScope Steel Limited Dividend Reinvestment Plan (DRP) is not active.
Dividend history
Since August 2021 it has been the Board’s intention to target annual ordinary dividends of 50 cents per share per annum, that is 25 cents per share per half year. The annual dividend per share paid is subject to the Company’s financial performance, business conditions, growth opportunities, capex and working capital requirements and the determination of the Board determination at the relevant time.
Capital gains tax
Below you will find some general information regarding the capital gains tax cost base for BlueScope Steel shares.
Download Capital Gains Tax information here
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