NZOG resumes dividend after costs clamp-down; annual loss widens on Cue writedown

Tue, 23 Aug 2016

By Paul McBeth Aug. 24 (BusinessDesk) - New Zealand Oil & Gas will resume dividend payments after clamping down on costs in response to the slump in global energy prices, which led to a write down in the value of its shareholding in Cue Energy Resources to produce a wider annual loss. The Wellington-based company declared a fully imputed final dividend of 4 cents per share, payable on Oct. 25 to shareholders on the register on Oct. 11, it said in a statement. NZOG didn't pay dividends in the 2015 financial year when it wasn't generating...

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