trending Market Intelligence /marketintelligence/en/news-insights/trending/29gcqpunwy-j9d_4xoqakg2 content esgSubNav
In This List

NZX raises final dividend for 2017

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


NZX raises final dividend for 2017

NZX Ltd. raised its final dividend for the fiscal year ended Dec. 31, 2017, to 3.10 New Zealand cents per share, from the prior-year dividend of 3 cents per share.

The final dividend brings the company's total dividend for 2017 to 6.1 cents per share, up from the prior-year total dividend of 6 cents per share. The dividend will be paid March 23 to shareholders of record as of March 9.

NZX also said it is introducing a new dividend policy that will come into effect beginning in the 2018 fiscal year. The new policy will pay between 80% to 110% of adjusted net profit after tax, as compared to a payout ratio of 80% of free cash flow under the current dividend policy.

As of Feb. 16, US$1 was equivalent to NZ$1.35.