NZSA concerned Kiwi Property paying too much in dividends

Thu, 13 Jun 2019

By Jenny Ruth June 14 (BusinessDesk) - The New Zealand Shareholders' Association says it is concerned that Kiwi Property Group is paying out more in dividends than it is taking in as cash. When Kiwi reported its results last month, it said it would pay a final dividend of 3.475 cents per share on June 20 to those holding shares on June 5. That takes the annual per-share payout to 6.95 cents, up from 6.85 cents. That’s 9 percent more than the 6.4 cents per share it reported in adjusted funds from operations, or AFFO. The company is f...

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