CORRECT: NZ Refining seen stepping up dividends on record earnings, lower debt

Thu, 28 Jan 2016

(Clarifies timing of dividend expectations, payments in lede, 2nd graph) By Tina Morrison Jan. 28 (BusinessDesk) - New Zealand Refining is expected to almost double the amount it returns to shareholders in the coming year as analysts anticipate record earnings from the country's only oil refinery, which resumed dividend payments in 2015. The Whangarei-based company is expected to pay a final dividend of 14 cents per share in the 2015 financial year, adding to the 5 cents paid in the first half, before stepping it up to 35 cents for 20...

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