Don’t worry Bremworth shareholders, your dividend wool come

Bremworth's Napier plant after Cyclone Gabrielle. (Image: NZME)

Thu, 28 Nov 2024

“It’s been about 15 years since we’ve had a bloody dividend.”It’s actually been 10 years, but Brian Woolf’s frustration is a sentiment that appears to be shared by Bremworth’s longtime investors.However, according to its board and management, those shareholders won’t have to wait much longer.ChangeThe carpet and rug maker last paid a dividend in March 2014. It was an interim dividend at 3c per share.But as chair George Adams pointed out, the company was borrowing money to pay for it.Its share pric...

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