Whitehaven coal
Capital allocation framework
Since 2022, Whitehaven Coal has adopted a clear capital allocation framework to help maintain balance sheet resilience and deliver shareholder value.
Important Note:
On 18 October 2023, Whitehaven announced the acquisition of BMA’s Daunia and Blackwater coal mines. An update was provided on the application of Whitehaven’s Capital Allocation Framework to take into account current priorities as a result of the acquisition. This update can be found on slide 35 of the acquisition presentation released to the ASX on 18 October 2023. Refer here to Whitehaven’s ASX Releases.
Please review Whitehaven’s H1 FY25 Results presentation for the most up to date application of Whitehaven’s Capital Allocation Framework. You can find the latest Results presentation here: https://whitehavencoal.com.au/investors/results-centre/.
Dividend information
9c fully franked 2025 Interim Dividend
Whitehaven announced that it will pay a 2025 Interim Dividend of 9 cents per ordinary share fully franked on 14 March 2025.
13c fully franked 2024 Final Dividend
Whitehaven announced that it will pay a 2024 Final Dividend of 13 cents per ordinary share fully franked on 17 September 2024.
Key dates
| Event | Interim Dividend FY2025 | Final Dividend FY2025 |
|---|---|---|
| Ex-dividend date | 27 February 2025 | |
| Record Date | 28 February 2025 | |
| Payment Date | 14 March 2025 | |
| Dividend per share (AUD) | 9 cents |
Dividend history
| Dividend date | DPS | Franking | Type |
|---|---|---|---|
| Mar-25 | $0.090 | 100% | ordinary |
| Sep-24 | $0.130 | 100% | ordinary |
| Mar-24 | $0.070 | 100% | ordinary |
| Sep-23 | $0.420 | 100% | ordinary |
| Mar-23 | $0.320 | 100% | ordinary |
| Sep-22 | $0.400 | 100% | ordinary |
| Mar-22 | $0.080 | 0% | ordinary |
| Sep-21 | - | ||
| Mar-21 | - | ||
| Sep-20 | - | ||
| Mar-20 | $0.015 | 0% | ordinary |
| Sep-19 | $0.130 | 50% | ordinary |
| $0.170 | 0% | special | |
| Mar-19 | $0.150 | 0% | ordinary |
| $0.050 | 0% | special | |
| Sep-18 | $0.140 | 0% | ordinary |
| $0.130 | 0% | special | |
| Mar-18 | $0.130 | 0% | ordinary |
| Nov-17 | $0.060 | 0% | shareholder distribution – dividend component |
| $0.140 | - | shareholder distribution – capital return | |
| Sep-17 | - | ||
| Mar-17 | - | ||
| Sep-16 | - | ||
| Mar-16 | - | ||
| Sep-15 | - | ||
| Mar-15 | - | ||
| Sep-14 | - | ||
| Mar-14 | - | ||
| Sep-13 | - | ||
| Mar-13 | - |
How to update your dividend information / instructions
To update your shareholder information or dividend instructions please contact Whitehaven’s Share Registrar Computershare, via:
- website: www.computershare.com.au/easyupdate/WHC
- email: [email protected]
- phone (during business hours): 1300 850 505
- mail: Computershare Investor Services Pty Limited
GPO Box 523
Brisbane QLD 4001
Share buy-back
Share buy-backs are a feature of Whitehaven’s Capital Allocation program.
Announcements in relation to Whitehaven’s share buy-back activities can be found here under ASX Announcements. You can put ‘buy back’ in the Search line to find relevant notifications.
On 7 March 2022, Whitehaven commenced its share buy-back program. The share buy-back was paused in FY2024, during the acquisition of BMA’s Daunia and Blackwater coal mines. Following the sell-down of 30% of Blackwater, the buy-back resumed.
Buy-back activity is summarised below on a financial year basis, including capital returned to shareholders via dividends. With 1,032,644,232 shares on issue at the start of the buy-back program in March 2022, the percentage of shares acquired and cancelled through the buy-back program is captured below.
Last updated: 30 June 2025
| Shares bought back | Capital returned via buy-back | Capital returned via dividends | Total capital returned to shareholders | Cumulative % of shares bought back | |
|---|---|---|---|---|---|
| FY2022 | 76,372,580 | $362.6m | $79.8m | $442.4m | 7.4% |
| FY2023 | 119,670,868 | $948.9m | $638.8m1 | $1,587.7m | 19.0% |
| FY2024 | Share buy-back paused due to QLD acquisition | ||||
| FY2025 | 4,176,977 | $23.0m | $176.2m2 | $199.2m | 19.4% |
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- Includes payments of the FY22 final dividend and the FY23 interim dividend.
- Includes payments of the FY24 final dividend and the FY25 interim dividend.
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During share buy-backs, there are a number of contributing factors that determine whether the company is active in the market on any day. Our Securities Trading Policy outlines periods when we do not trade Company Securities, including during blackout periods, which are outlined in Clause 15.
Other factors that influence whether the company is active in the market include, but are not limited to the following:
- Daily volumes are always considered with respect to not moving the market, and shares cannot be bought back if the market price exceeds 5% of the previous 5-day VWAP.
- Timing of ex-dividend and dividend record dates.
Whitehaven’s Security Trading Policy can be found at
www.whitehavencoal.com.au/our-business/corporate-governance/
Shares on issue
Whitehaven regularly issues a Cessation of Securities notice to the ASX to cancel shares that the company has bought back via its on market share buy-back program.
You can find the latest shares on issue by going to our ASX announcements page and searching for ‘cessation of securities’. This will bring up the latest notification to the ASX.
As at 3o June 2025, ordinary shares on issue: 832,423,807.
Within the ordinary shares on issues there are 34,020,000 WHC shares on issue that are restricted milestone shares. These shares were issued as part of the acquisition of Boardwalk Resources Pty Ltd in 2012. The milestone shares are subject to contractual restrictions on voting and transfer, and currently are not entitled to receive distributions (Restrictions). As at 30 June 2025, shares entitled to receive dividends total 798,403,807.
Important Information
Material on this page is intended only for general information and Whitehaven Coal makes no warranty as to the accuracy of this information. The material is not intended to be relied on as a substitute for your own research. We do, however, welcome your feedback and suggestions concerning any of the material. Please contact [email protected]