CentrePort pays out $20m dividend

Staff reporters
Fri, 15 Oct 2021

The Greater Wellington regional council has a 76.4% stake in the port, with Horizons holding the remainder. (Image: Supplied)
The Greater Wellington regional council has a 76.4% stake in the port, with Horizons holding the remainder. (Image: Supplied)
Staff reporters
Fri, 15 Oct 2021
CentrePort will pay dividends of $20 million to the Wellington and Horizons regional councils, including a $15m special dividend prompted by settlement of its 2016 Kaikōura earthquake claims.The Greater Wellington regional council has a 76.4% stake in the port, with Horizons holding the remainder.While the claims were recorded at $172.5m against the June 2020 accounts, chair Lachie Johnstone said the port's strong balance sheet meant the company was now in a position to pay the special dividend. "It restores the dividend payout to...

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