NZ Guardian Trust reverts to normal-sized dividends after exit payment to Suncorp

Thu, 30 May 2013

By Jonathan Underhill May 30 (BusinessDesk) – New Zealand Guardian Trust, the trustee company acquired by ASX-listed Trust Co in early 2011, has reverted to a lower dividend based on earnings after making a bigger payment to its former owner as part of the sale agreement. The company paid a dividend of $3 million in the year ended Feb. 28, its financial statements show. That’s down from the $8.49 million paid the previous year to former owner Suncorp Group. The dividend to Suncorp was part of the sale agreement to Trust Co and was the first...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close

NZ sharemarket rebounds with Wall Street rally

Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy

Political donations over $5k to require declaration

Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000.

Law & Regulation

Public class action fund needed: Law Com

Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

NZ Guardian Trust reverts to normal-sized dividends after exit payment to Suncorp

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team