Rangatira maintains dividend as profit dips on Hellers sale

Tue, 11 Jun 2019

By Paul McBeth June 11 (BusinessDesk) - Rangatira Investments maintained its dividend in the face of weaker earnings following the sale of smallgoods maker Hellers. The Wellington-based investment firm will pay an unchanged dividend of 36 cents per share on June 21. That takes the annual return to 60 cents, or $10.6 million. Rangatira sold its Hellers business in January for an undisclosed sum, which chair David Pilkington said left the firm in a strong enough financial position to maintain the dividend. Rangatira is sitting on $75 mi...

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