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Heartland Bank hikes final dividend for fiscal 2015-2016

New Zealand-based Heartland Bank Ltd. raised its final dividend for the fiscal year ended June 30 to 5 New Zealand cents per share, compared to a prior-year dividend of 4.5 cents per share.

Together with an interim dividend of 3.5 cents per share, the bank will pay a fully imputed total dividend amounting to 8.5 cents per share, up from 7.5 cents per share in the prior year.

The final dividend will be paid Oct. 7 to shareholders of record as of Sept. 23.

As of Aug. 15, US$1 was equivalent to NZ$1.38.