Property For Industry expects to pay more of its earnings in dividends in 2015

Mon, 16 Feb 2015

By Tina Morrison Feb. 17 (BusinessDesk) - Property For Industry, New Zealand's only listed company specialising in industrial property, expects to pay more of its earnings in dividends in the coming year after its dividend payout ratio declined last year. The Auckland-based company expects its distributable profit to fall about 2.4 percent to 7.35 cents per share in the year ending Dec. 31, while its dividend per share is forecast to rise 0.7 percent to 7.3 cps, it said in a statement. In 2014, distributable profit rose 3.7 percent to 7.5...

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