Fletcher likely to pay a 30c annual dividend this financial year

Sun, 10 Feb 2019

By Jenny Ruth Feb. 11 (BusinessDesk) - Fletcher Building is likely to pay a 30 cents per share dividend for the year ending June and the payout will be skewed to the second half after the US$840 million sale of Formica has settled, says FNZC analyst Arie Dekker. Fletcher, which is due to report its first-half results on Feb. 20, said when it announced the Formica sale that it would resume paying dividends from the first-half payout this year. Fletcher’s last payout was the final dividend of 19 cents per share for its 2017 financial yea...

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