CBL declares first-half dividend of 3 cents

Paul McBeth
Thu, 06 Oct 2016

By Paul McBeth Oct. 7 (BusinessDesk) - CBL Corp, which raised $60 million to help fund its international ambitions, has declared an interim dividend of 3 cents per share.  The Auckland-based credit surety and financial risk insurer will pay the dividend on Oct. 31 to shareholders on the register on Oct. 28, it said in a statement. CBL posted a first-half profit of $18.6 million, or 8.49 cents, in August, though its register has since expanded with the share sale to institutional investors who are entitled to the dividend.  The new capi...

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