PGW puts dividends on ice given 'uncertainties' in sector, wider economy

PGG Wrightson chief executive Stephen Guerin (Image: Supplied)

Tue, 27 Feb 2024

PGG Wrightson’s shareholders will have to wait until the end of its financial year to see whether they’ll get a dividend.The listed rural services firm has suspended the interim dividend, saying it doesn’t want to add debt “in the face” of rising interest rates.And, given uncertainties in the sector, the company believes it is “prudent” to wait until the full year before reviewing the dividend payout ratio – “if any”.Just before 11am, PGW’s share price was trading at $3, down 7.1...

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