Fletcher Building Limited (ASX: FBU) Share Price and News
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Fletcher Building Limited (FBU) is a home builder and building products company. Its operations span the entire building supply chain, from raw materials right through to construction.
The company operates across 6 main divisions: building products, distribution, concrete, residential and development, construction, and Australia. Some of the leading brands under the company’s banner include Laminex, iPlex, and Tradelink.
Fletcher Building’s history dates back to 1909 when founder James Fletcher built his first house in Dunedin, New Zealand. Today, the company has expansive operations across New Zealand, Australia and the South Pacific, employing over 16,000 people. Fletcher Building shares are dual-listed on the ASX and NZX.
Fletcher Building Limited (ASX: FBU) Latest News
Brendon Lau | May 21, 2020 12:13pm
The ASX 200 is jumping for the 5th straight session but not all stocks are partaking in the merrymaking as they got hit by... More »
Tristan Harrison | May 20, 2020 5:01pm
The S&P/ASX 200 Index (ASX:XJO) finished up 0.24%. The EML Payments Ltd (ASX:EML) share price jumped another 12%. More »
Cathryn Goh | May 20, 2020 2:00pm
Homebuilder and building products company Fletcher Building Limited (ASX: FBU) provided a COVID-19 market update this morning and issued a warning on property and... More »
James Mickleboro | February 19, 2020 7:35am
The Fletcher Building Limited (ASX:FBU) share price will be on watch after the release of its half year results this morning... More »
James Mickleboro | November 28, 2019 12:03pm
Fletcher Building Limited (ASX:FBU), Telstra Corporation Ltd (ASX:TLS), and Westpac Banking Corp (ASX:WBC) shares are making moves on the ASX 200 on Thursday... More »
James Mickleboro | November 28, 2019 8:40am
The Fletcher Building Limited (ASX:FBU) share price will be one to watch on Thursday after releasing its guidance for FY 2020... More »
James Mickleboro | November 9, 2019 10:40am
The Galaxy Resources Limited (ASX:GXY) share price and the Corporate Travel Management Ltd (ASX:CTD) share price were amongst the best performers on the ASX... More »
Tom Richardson | October 23, 2019 8:35am
SKYCITY Entertainment Group Limited (ASX: SKC) shares still offer a big yield. More »
James Mickleboro | September 4, 2019 1:31pm
The Metcash Limited (ASX:MTS) share price and the Myer Holdings Ltd (ASX:MYR) share price are two of four racing notably higher on Wednesday... More »
James Mickleboro | September 4, 2019 10:11am
The Fletcher Building Limited (ASX:FBU) share price has pushed higher on Wednesday after announcing the details of its share buyback... More »
Ken Hall | August 22, 2019 10:22am
Fletcher Building Ltd (ASX: FBU) returned to profit as it executed the first step in its five-year strategy. More »
Tristan Harrison | June 26, 2019 4:53pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Wednesday. More »
Will Fletcher Building pay a dividend in 2020?
Up until the first half of 2020, Fletcher Building has been paying twice yearly dividends every year since it listed on the ASX in 2001. The company has paid three fully franked dividends during this time with the remainder of its payments being unfranked.
Fletcher Building was scheduled to pay an interim dividend of 8.97 cents per share on 9 April 2020 however, in an announcement released on 25 March, this payment was cancelled due to the impacts of COVID-19 restrictions. Also included in the announcement was advice that the company would be suspending its on-market share buyback program and withdrawing its FY20 EBIT guidance. Since then, Fletcher Building has made cuts to its capital expenditure and also achieved amendments to its banking agreements in an effort to shore up the balance sheet. The company is yet to announce whether a final dividend is to be paid and will release its full year results for FY2020 on 19 August.
Does Fletcher Building offer a DRP?
Yes. Fletcher Building offers shareholders residing in Australia and New Zealand the option of either full or partial participation in its dividend reinvestment plan. The Fletcher Building Board may, at any time, determine that the DRP will not apply to a particular dividend payment by making an announcement to the market.