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Capital Management and Dividends | 12 Months Ended
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Mar. 31, 2016
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Capital Management and Dividends | 17. Capital Management and Dividends The following table summarizes the dividends declared or paid during the fiscal years 2016, 2015 and 2014:
(Millions of US dollars) |  | US Cents/Security |  |  | US$ Total Amount |  |  | Announcement Date |  | Record Date |  | Payment Date
FY 2016 first half dividend |  |  | 0.09 |  |  |  | 39.7 |  |  | 19 November 2015 |  | 23 December 2015 |  | 26 February 2016
FY 2015 special dividend |  |  | 0.22 |  |  |  | 92.8 |  |  | 21 May 2015 |  | 11 June 2015 |  | 7 August 2015
FY 2015 second half dividend |  |  | 0.27 |  |  |  | 114.0 |  |  | 21 May 2015 |  | 11 June 2015 |  | 7 August 2015
FY 2015 first half dividend |  |  | 0.08 |  |  |  | 34.2 |  |  | 19 November 2014 |  | 23 December 2014 |  | 27 February 2015
FY 2014 special dividend |  |  | 0.20 |  |  |  | 89.0 |  |  | 22 May 2014 |  | 12 June 2014 |  | 8 August 2014
FY 2014 second half dividend |  |  | 0.32 |  |  |  | 142.3 |  |  | 22 May 2014 |  | 12 June 2014 |  | 8 August 2014
125 year anniversary special dividend |  |  | 0.28 |  |  |  | 124.6 |  |  | 28 February 2014 |  | 21 March 2014 |  | 30 May 2014
FY 2014 first half dividend |  |  | 0.08 |  |  |  | 35.5 |  |  | 14 November 2013 |  | 19 December 2013 |  | 28 March 2014
FY 2013 special dividend |  |  | 0.24 |  |  |  | 106.1 |  |  | 23 May 2013 |  | 28 June 2013 |  | 26 July 2013
FY 2013 second half dividend |  |  | 0.13 |  |  |  | 57.5 |  |  | 23 May 2013 |  | 28 June 2013 |  | 26 July 2013
During fiscal year 2016, the Company announced a share buyback program (the “fiscal 2016 program”) to acquire up to 5% of its issued capital in the twelve months through May 2016. Under this program, the Company repurchased and cancelled 1,653,247 shares of its common stock during the second quarter of fiscal year 2016. The aggregate cost of the shares repurchased and cancelled was A$30.0 million (US$22.3 million), at an average market price of A$18.14 (US$13.50). Upon the expiration of the fiscal 2016 program, the Company announced a new share buyback program (the “fiscal 2017 program”) to acquire up to US$100.0 million of its issued capital in the twelve months through May 2017. Subsequent to 31 March 2016, the Company announced an ordinary dividend of US29.0 cents per security, with a record date of 9 June 2016 and a payment date of 5 August 2016.

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