Blue Chip announces first dividend
Wednesday 24 November 2004
Blue Chip NZ Ltd’s first dividend as a listed company will be a fully imputed net 1.8c/share cash for the June half, payable 20 December.
By The LandlordManaging director Mark Bryers said although most shareholders were owners of Blue Chip shares for only a very short part of that half-year, “the directors nonetheless believed the company should begin as it means to continue as a listed company, by involving all shareholders in the company's success.”
With a pro forma after-tax profit of $1.895 million for the 6 months, the dividend represents a payout ratio of about 50% of after-tax profits.
Read More - Opens in a new window
Commenting is closed
Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.