Infratil lifts 1H dividend as Z sell-down floods coffers; pretax earnings slip

Mon, 11 Nov 2013

By Paul McBeth Nov. 12 (BusinessDesk) - Infratil, the listed infrastructure investor, raised its first-half dividend after trebling its money from the sell-down of service station chain Z Energy, while pretax earnings were hurt by smaller contributions from power company investments. The Wellington-based company will pay an interim dividend of 3.75 cents per share, up from 3.25 cents a year earlier, on Dec. 13 with a record date of Nov. 29, it said in a statement. The hike came after the company booked a $182.5 million net gain from the flo...

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