Port of Tauranga may increase dividends, make extra payments, as spending returns to normal

Mon, 07 Oct 2013

By Tina Morrison Oct. 7 (BusinessDesk) – Port of Tauranga, New Zealand’s largest export port, may increase its dividend payout ratio and make additional capital payments to investors as cash flows return to normal levels after a period of higher spending, according to brokerage Craigs Investment Partners. The port company will probably spend an average $48 million a year over 2012-16 to complete its current expansion and dredging plans, Arie Dekker, an analyst at Craigs said in a research note. Beyond 2016, the company will probably revert to...

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