The Lottery Corporation™ intends to target a dividend payout ratio of 80% to 100% of full year net profit after tax (before significant items). This dividend policy has regard to the Company’s earnings and cash flow generation as well as expected capital and investment requirements.
Future dividends and the franking of such dividends are unable to be confirmed as these will depend on future events and circumstances, including business performance.
The extent to which a dividend can be franked will depend on the Company’s franking account balance which will depend on the amount of Australian income tax paid by The Lottery Corporation™.
The Lottery Corporation™ reports its financial results twice a year. The Company expects to report full year results by the end of August and half year results by end of February each year unless otherwise stated.
Refer to our Calendar page for upcoming results announcement dates.
Prior to its demerger from Tabcorp, which was implemented on 1 June 2022, The Lottery Corporation™ and its subsidiaries formed the Tabcorp Group’s Lotteries and Keno business.
The Lottery Corporation™ does not provide advice on taxation. Contact your accountant or tax agent or other advisers to obtain advice.