Hellaby to pay bigger dividends

Sun, 30 Nov 2014

By Paul McBeth Dec. 1 (BusinessDesk) - Hellaby Holdings, the diversified investment firm, has lifted its dividend payout policy after recording strong cash flow and being told by investors that they want more yield. The Auckland-based company has lifted its dividend policy to 75 percent of net profit after tax from a previous rate of 50 percent of profit, it said in a statement. The company reviewed its capital management policies due to an underperforming share price relative to earnings growth, and after deciding its balance sheet was s...

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