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 Landlord
Managing 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
Property News
Collaboration key to urban development
Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
House Prices
No stopping Capital price rises
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.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
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.
