NZ Post pays $2.5M interim dividend while warning year-end targets will be 'challenging'

Thu, 22 Feb 2018

By Paul McBeth Feb. 23 (BusinessDesk) - New Zealand Post will pay its government shareholder a $2.5 million interim dividend next month, despite warning its year-end financial targets will be a stretch as the core mail delivery operates at a loss and it derives a smaller earnings stream from a diluted stake in Kiwibank. The board, chaired by Jane Taylor, declared an unchanged dividend from a year earlier, which will be paid on March 29, half the maximum $5 million targeted by the Wellington-based state-owned enterprise. The mail delivery...

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