Mitre 10 pays biggest dividend in at least 17 years

Fri, 04 Nov 2016

By Paul McBeth Nov. 4 (BusinessDesk) - Mitre 10 (New Zealand), the cooperative that services the Mitre 10 hardware chain, paid shareholders their biggest dividend in at least 17 years as profit soared, thanks to a lower wage bill and as growing consumer demand drove up sales. The Auckland-based company paid dividends of $5.8 million in the year ended June 30, up from $1.8 million a year earlier, giving the biggest return since at least 1999, according to financial statements lodged with the Companies Office. Mitre 10 posted a profit o...

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