NZ Rural Land to pay inaugural dividend

NZL is eyeing up more opportunities. (Image: Unsplash)

Tue, 22 Feb 2022

New Zealand Rural Land Co announced an inaugural dividend and said it's on the hunt for more acquisition opportunities.The company – which listed in December 2020 – reported a first-half net profit of $3.17 million for the six months to Dec 31.It also said it will pay an interim dividend of 2.01 cents per share, equivalent to 95% of adjusted funds from operations (AFFO). The AFFO was $2.05m. “NZL is now into its second year as a listed company. The highlight of the year to date has been the acquisition of a further 4,...

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