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
James Mickleboro | June 26, 2019 12:04pm
Afterpay Touch Group Ltd (ASX:APT) Australia and New Zealand Banking Group (ASX:ANZ), and Sandfire Resources NL (ASX:SFR) shares have been making waves on the... More »
James Mickleboro | June 26, 2019 9:00am
The Fletcher Building Limited (ASX:FBU) share price could push higher today after announcing a NZ$300 million share buyback... More »
James Mickleboro | June 4, 2019 8:47am
The Fletcher Building Limited (ASX:FBU) share price looks set to drop lower this morning after downgrading its guidance... More »
Ken Hall | February 20, 2019 9:19am
The Fletcher Building Limited (ASX: FBU) share price looks set to open flat after it delivered a robust half-year earnings result to defy the... More »
James Mickleboro | December 18, 2018 10:07am
The Fletcher Building Limited (ASX:FBU) share price has charged higher on Tuesday after announcing the sale of its Formica business and the reinstatement of... More »
James Mickleboro | November 22, 2018 9:14am
The Treasury Wine Estates Ltd (ASX:TWE) share price is one of three trading at 52-week lows. Are they in the bargain bin? More »
Tristan Harrison | November 20, 2018 5:27pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Tuesday. 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.