Argosy affirms plan to lift full-year dividend of 6.2 cents a share

Tue, 25 Jul 2017

By Rebecca Howard July 25 (BusinessDesk) - Argosy Property told its annual general meeting it is on track to deliver a 2018 full-year dividend of 6.2 cents per share, fully paid from distributable income. The Auckland-based company said it would pay a first quarter dividend of 1.55 cents per share with a Sept. 28 payment date. In the year to March 31 the dividend was 6.1 cents per share, a 1.2 percent increase on the prior year. Looking ahead, chief executive Peter Mence said "in New Zealand net absorption driven primarily by economi...

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