CBL announces first dividend payment since October listing

Wed, 30 Mar 2016

By Sophie Boot March 31 (BusinessDesk) - CBL Corp, the NZX-listed company that sells credit surety and financial risk insurance, has announced a 4.5 cent dividend. The board did not declare a dividend in February when it reported its annual results for the year ended Dec. 31, 2015, but said its policy to distribute 30 percent of adjusted net profit subject to regulatory capital and liquidity requirements remained unchanged, and details of the dividend would be announced towards the end of March. In a statement, chair John Wells announc...

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