Dividends in focus for NZ earnings season as low interest rates underpin equity demand

Wed, 10 Feb 2016

By Jonathan Underhill Feb. 10 (BusinessDesk) - The reporting season that kicks off this week may show moderating sales and earnings growth for New Zealand's listed companies, leaving dividend payments to underpin a stock market trading at high multiples. Brokerage Forsyth Barr forecasts aggregated revenue growth across 50 listed companies reporting over the next few weeks at 0.5 percent and normalised earning-per-share growth of 9.7 percent, while dividends per share are seen rising 14 percent. The dividend forecast includes reinstatem...

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