Harvey Norman Holdings Ltd · Dividends
ASX: HVN · Consumer Cyclical · Specialty Retail
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $0.24 | $299.0M | 58% |
| FY24 | $0.22 | $274.1M | 78% |
| FY23 | $0.30 | $380.0M | 70% |
| FY22 | $0.35 | $436.1M | 54% |
| FY21 | $0.38 | $473.5M | 56% |
| FY20 | $0.26 | $322.5M | 67% |
| FY19 | $0.29 | $342.1M | 85% |
| FY18 | $0.23 | $267.3M | 71% |
| FY17 | $0.30 | $345.0M | 77% |
| FY16 | $0.23 | $266.9M | 77% |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
Has Harvey Norman (HVN) maintained a consistent dividend to shareholders?
Harvey Norman's dividend per share has been paid in each of the ten reported financial years, moving from $0.2305 in FY2016 to a high of $0.38 in FY2021, before declining to a low of $0.22 in FY2024 and recovering slightly to $0.24 in FY2025. Total dividends paid have ranged from $266.9M to $473.5M over the period, tracking broadly with the swings in net income rather than rising in a straight line.
The payout ratio, measured as dividends relative to net income, has varied considerably, from a low of 53.7% in FY2022 to a high of 85.0% in FY2019, and stood at 57.7% in FY2025 against net income of $518.0M. This variability suggests dividend payments have adjusted with earnings levels each year rather than following a fixed or steadily growing payout policy.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.