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Capital Management
12 Months Ended
Mar. 31, 2023
Dividends [Abstract]  
Capital Management Capital Management
The following table summarizes the dividends declared or paid during the fiscal years 2023, 2022 and 2021:
(Millions of US dollars)US
Cents/Security
US$ Millions
Total Amount Paid
Announcement DateRecord DatePayment Date
FY 2022 second half dividend0.30129.617 May 202227 May 202229 July 2022
FY 2022 first half dividend0.40174.19 November 202119 November 202117 December 2021
FY 2021 special dividend0.70309.910 February 202119 February 202130 April 2021
On 8 November 2022, the Company announced a share buyback program to acquire up to US$200 million of its outstanding shares through October 2023. Below is the activity under this program:
In Millions, except price per shareTotal Number
of Shares
Purchased
Average Price
Paid per
Share
(US$)
Total Number of
Shares Purchased
as Part of
Publicly
Announced
Program
Maximum Dollar
Value of Shares
That May Yet be
Purchased Under
the Program
(US$)
1 December 2022 - 31 December 20221.6$19.341.6$168.8
1 January 2023 - 31 January 2023$—$168.8
1 February 2023 - 28 February 20231.1$21.721.1$144.3
1 March 2023 - 31 March 20231.1$20.781.1$121.6
Total as of 31 March 2023
3.83.8$121.6
All shares repurchased were subsequently cancelled by the Company and are no longer available for issuance.