Napier Port boosts dividend, pays $2,779 bonus to workers

New 6 Wharf ahead of time and cheaper than expected. (Image: supplied)

Tue, 16 Nov 2021

NZX-listed Napier Port will pay out a 4.7 cent final dividend next month, bringing total dividends for the year to 7.5c, after posting a 5.2% improvement in net profit after tax to $23.2 million for the year to September 30.The performance will also see the port’s 320 employees, most of whom became shareholders following its initial public offer in 2019, receive a cash and share incentive of $2,779.The positive results were driven by record log exports which hit more than 3 million tonnes for the year, helping push bulk cargo volumes by 2...

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