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
Tristan Harrison | February 14, 2018 5:15pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Wednesday. More »
Tommaso Autorino | February 14, 2018 4:24pm
Fletcher Building Limited (ASX:FBU) announced further losses and the breach of two financial covenants. More »
Tommaso Autorino | February 9, 2018 4:48pm
Fletcher Building Limited (ASX:FBU is expected to reveal further losses on its Building and Interiors projects. More »
Tristan Harrison | January 30, 2018 5:50pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Tuesday. More »
James Mickleboro | October 25, 2017 10:59am
The Fletcher Building Limited (Australia) (ASX:FBU) share price sank to a 52-week low today. Here’s why… More »
Owen Raszkiewicz | September 21, 2017 4:35pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Thursday. More »
James Mickleboro | July 20, 2017 12:51pm
The Fletcher Building Limited (Australia) (ASX:FBU) share price has fallen over 31% this year now on the back of two profit downgrades. Here’s what... More »
Brendon Lau | June 15, 2017 9:58am
There are a number of large cap stocks with hidden value that, if unlocked, could see their share prices surge by between 20% and... More »
James Mickleboro | June 2, 2017 2:26pm
The Zelda Therapeutics Ltd (ASX:ZLD) share price is one of four shares finishing the week with strong gains. Here’s what you need to know… 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.