Auckland International Airport shares stumble, all eyes on Fed

Auckland International Airport shares didn't have a great day. (Image: Getty)

Wed, 14 Jun 2023

Auckland International Airport shares fell more than 3% today and almost pulled New Zealand’s sharemarket lower on the news that the airport was trimming its dividend policy.But even though Auckland International Airport (AIA) and other index heavyweights, like Ebos Group and Fisher & Paykel Healthcare, ended the day lower, the S&P/NZX 50 Index rose 25.8 points, or 0.2%, to 11,678.620. Turnover on the entire market was $180.3 million.AIA changed its dividend policy to paying between 70% and 90% of underlying profit, having previou...

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