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NZME announces new dividend policy on covid bounceback

Pattrick Smellie
Tue, 10 Nov 2020

Auckland news publisher NZME is expecting better operating earnings than previously forecast and outlined the terms of a return to dividend payments in the second half of next year.The announcement comes ahead of an investor day next Monday, Nov. 16, at the end of a year in which the company has plumbed the depths of the covid-19 crisis, cut costs and debt, lost a chairman, gained a new major shareholder, and is showing signs of resilience.NZME expects to report earnings before interest, tax, depreciation and amortisation of between $63 million...

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