Fletcher Building Ltd (ASX: FBU) Share Price and News

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Fletcher Building Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $5.58 billion
P/E Ratio 19.76
Dividend Yield 4.14%
Shares Outstanding 821.15 million
Earnings per share 0.364
Dividend per share 0.29
Year To Date Return 31.71%
Earnings Yield 5.06%
Franking 100%
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as at 24 Feb 3:44pm

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Fletcher Building Ltd (ASX: FBU)
Latest News

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
28 Mar 2012 $0.1139 100.00% Interim 18 Apr 2012

FBU ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Fletcher Building Ltd

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.

FBU Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
22 Oct 2021 $6.81 $-0.09 -1.30% 899,488 $6.86 $6.93 $6.80
21 Oct 2021 $6.90 $0.02 0.29% 1,207,327 $6.95 $6.96 $6.86
20 Oct 2021 $6.88 $-0.07 -1.01% 1,716,370 $7.00 $7.10 $6.86
19 Oct 2021 $6.95 $0.13 1.91% 1,203,404 $6.89 $7.01 $6.89
18 Oct 2021 $6.82 $0.06 0.89% 842,188 $6.82 $6.88 $6.80
15 Oct 2021 $6.76 $0.10 1.50% 946,035 $6.75 $6.82 $6.69
14 Oct 2021 $6.66 $-0.04 -0.60% 1,112,203 $6.81 $6.82 $6.66
13 Oct 2021 $6.70 $-0.10 -1.47% 947,337 $6.74 $6.76 $6.66
12 Oct 2021 $6.80 $0.01 0.15% 1,021,300 $6.71 $6.82 $6.65
11 Oct 2021 $6.79 $-0.14 -2.02% 778,500 $6.87 $6.88 $6.77
08 Oct 2021 $6.93 $0.18 2.67% 1,220,126 $6.83 $6.95 $6.82
07 Oct 2021 $6.75 $0.06 0.90% 2,060,992 $6.79 $6.92 $6.74
06 Oct 2021 $6.69 $0.00 0.00% 1,184,195 $6.77 $6.80 $6.67
05 Oct 2021 $6.69 $-0.18 -2.62% 1,246,487 $6.78 $6.80 $6.62
04 Oct 2021 $6.87 $0.15 2.23% 705,706 $6.75 $6.90 $6.75
01 Oct 2021 $6.72 $-0.14 -2.04% 903,696 $6.73 $6.81 $6.72
30 Sep 2021 $6.86 $0.10 1.48% 756,924 $6.83 $6.89 $6.77
29 Sep 2021 $6.76 $-0.03 -0.44% 1,641,859 $6.74 $6.88 $6.72
28 Sep 2021 $6.79 $-0.13 -1.88% 1,096,219 $6.79 $6.94 $6.73
27 Sep 2021 $6.92 $-0.07 -1.00% 1,430,993 $7.09 $7.09 $6.89
24 Sep 2021 $6.99 $-0.02 -0.29% 863,127 $7.03 $7.07 $6.99
23 Sep 2021 $7.01 $0.00 0.00% 590,120 $7.01 $7.06 $6.97

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Mr Martin Brydon Non-Executive Director Sep 2018
Mr Brydon has more than 40 years' experience in the Australian building products sector, having started his career as an indentured engineering cadet with BHP. He joined Cockburn Cement Limited in 1981, where he then served as chief executive officer from 1998-1999. Following Cockburn Cement's merger into Adelaide Brighton in 1999, he held a number of senior management roles before his appointment as chief executive officer and managing director in 2014. Mr Brydon retired following a 30-year career with Adelaide Brighton in January 2019. He is also the member of Nominations Committee and Member of the Safety, Health, Environment and Sustainability Committee.
Mr Peter Charles Crowley Non-Executive Director Oct 2019
Mr Crowley has leadership, commercial and operational experience from Australian building product companies. Most recently he served as Managing Director and Chief Executive Officer of GWA Group Limited from 2003 to 2015. He also spent 18 years in the cement industry, including various Chief Executive roles with The Rugby Group PLC and a variety of managerial roles with Queensland Cement and its parent company Holcim.
Ms Barbara Chapman Non-Executive Director Sep 2018
Ms Chapman brings trans-Tasman executive experience to the Board having served as chief executive and managing director of ASB Bank for seven years and having held a number of senior executive roles responsible for marketing, communications, human resources, life insurance and retail banking in New Zealand and Australia. She has an list of professional achievements to her credit, including being named New Zealand Herald's 2017 Business Leader of the Year. In 2019 Barbara was made a Companion of the New Zealand Order of Merit for services to business. Barbara is the Chair of Genesis Energy Limited and the 2021 APEC CEO Summit Committee, deputy Chair of The New Zealand Initiative, a director of IAG New Zealand Limited and New Zealand Media and Entertainment (NZME), and a Member of the Prime Minister's Business Advisory Council. She is also member of Remuneration Committee and Member of the Nominations Committee.
Mr Douglas Alexander McKay Non-Executive Director Sep 2018
Mr Mckay brings business leadership and commercial experience, as the former chief executive of manufacturing and distribution businesses in New Zealand and Australia, such as Lion Nathan, Carter Holt Harvey, Goodman Fielder, Sealord and Independent Liquor. He was the inaugural chief executive of the amalgamated Auckland Council until the end of 2013. In 2015 Mr Mckay was made an Officer of the New Zealand Order of Merit for services to business and local government. Doug is the Chair of Bank of New Zealand and Eden Park Trust Board and is a director of Genesis Energy Limited, IAG New Zealand Limited and National Australia Bank.
Mr Robert McDonald Non-Executive Director Sep 2018
Mr McDonald's finance career spans over 30 years with a track record in financial and risk management, developed over two decades with Air New Zealand. As the airline's chief financial officer, he received a number of accolades during his career, including CFO of the Year in the Deloitte Top 200 in 2015 and the Fairfax Media New Zealand CFO of the Year award in 2010.Mr McDonald's is the Chair of Contact Energy Limited and is a director of the Chartered Accountants of Australia and New Zealand and Sovereign Assurance Company Limited.
Mr Bruce Hassall Non-Executive DirectorNon-Executive Chairman Mar 2017
Mr Hassall has had a career with commercial and strategic experience, and connections across the New Zealand economy, including in the small medium enterprise (SME), commercial, government and export sectors. As former senior partner and chief executive officer of PwC New Zealand he has advisory background and knowledge of the corporate environment. Mr Hassall is the Chair of The Farmers' Trading Company Limited and Prolife Foods Limited, and is a director of Bank of New Zealand and Fonterra Co-operative Group Limited. he is also member of the Nominations Committee and Member of the Remuneration Committee.
Ms Cathy Quinn Non-Executive Director Sep 2018
Ms Quinn is one of New Zealand's foremost commercial and corporate lawyers with significant expertise in governance, equity capital markets, mergers and acquisitions and private equity services. Cathy was the chair of MinterEllisonRuddWatts for eight years during a period of transformation and growth. In 2016 Cathy was made an Officer of the New Zealand Order of Merit for services to law and women. Cathy is a director of Rangatira Limited and Tourism Holdings Limited and a Board Member of New Zealand Treasury and the New Zealand China Council.
Mr Ross Harold Taylor Chief Executive Officer Nov 2017
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Mr Andrew Clark Company SecretaryGeneral Counsel Sep 2019
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Mr Chris Reid Additional Company Secretary Sep 2020
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Chris Reid Additional Company Secretary
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Ross Harold Taylor Chief Executive Officer
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Andrew Clark Company SecretaryGeneral Counsel
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 99,258,880 12.09%
Jp Morgan Nominees Australia Limited 73,060,069 8.90%
HSBC Nominees (New Zealand) Limited Nzcsd 70,439,066 8.58%
Citicorp Nominees Pty Limited 57,492,595 7.00%
Citibank Nominees (New Zealand) Limited Nzcsd 51,718,641 6.30%
HSBC Nominees (New Zealand) Limited A/C State Street Nzcsd 43,355,040 5.28%
Jpmorgan Chase Bank Na Nz Branch-Segregated Clients Acct Nzcsd 37,643,385 4.58%
National Nominees Limited 30,790,399 3.75%
Accident Compensation Corporation Nzcsd 25,865,250 3.15%
BNP Paribas Nominees (Nz) Limited Nzcsd 18,536,271 2.26%
HSBC Nominees A/C Nz Superannuation Fund Nominees Limited Nzcsd 18,078,230 2.20%
BNP Paribas Nominees (Nz) Limited Nzcsd I 13,951,769 1.70%
National Nominees Limited Nzcsd 13,574,625 1.65%
BNP Paribas Nominees Pty Ltd 13,389,684 1.63%
BNP Paribas Noms Pty Ltd 12,537,825 1.53%
ANZ Wholesale Australasian Share Fund Nzcsd 10,172,676 1.24%
New Zealand Depository Nominee Limited 9,626,757 1.17%
Jbwere (Nz) Nominees Limited 8,199,954 1.00%
Tea Custodians Limited Client Property Trust Account Nzcsd 7,065,324 0.86%
HSBC Custody Nominees (Australia) Limited I 6,989,646 0.85%

Frequently Asked Questions

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.

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. 

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