Air NZ share price supported by solid dividend yield says Jarden

Tue, 06 Aug 2019

By Rebecca Howard Aug. 7 (BusinessDesk) - Air New Zealand’s solid dividend yield is likely to underpin its share price in the medium term but, with few upside catalysts for earnings outside of fuel prices, Jarden analysts are neutral on the stock. The national carrier is due to report its full year result on Aug. 22 and Jarden analyst Andrew Steele said despite downgrading guidance on slowing domestic demand, the shares continue to trade at close to their recent price-per-earnings peak and at a premium to the airline sector. In late Ma...

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