Lower returns ahead from Auckland airport shares

The airport company announced this morning that it was revising down its policy on earnings. (Image: Getty)

Wed, 14 Jun 2023

Auckland council’s returns from its remaining 11% shareholding in Auckland International Airport will be lower than in the past because the gateway airport is cutting its dividend policy while it spends billions of dollars upgrading the ageing facility.The airport company announced this morning that it was revising down its previous policy, to pay 100% of earnings as dividends, to a payout ratio of between 70% and 90% of underlying profit after tax “in light of the large-scale investment that is taking place to upgrade its aeronauti...

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