Diligent says no dividend this year, mulls US listing

Tue, 25 Jun 2013

By Paul McBeth June 25 (BusinessDesk) - Diligent Board Member Services, whose strong operational performance has been undermined by a slew of administrative errors, won’t pay a dividend this year, preferring to reinvest funds back into the business, and has set up a group to review listing options. Chairman David Liptak told shareholders at today’s annual meeting in Auckland the board has decided to “retain current and future earnings to support operations and finance future growth” and “does not intend to pay a dividend in 2013,” according...

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