PFI to pay quarterly dividend but can't forecast annual payout

PFI to pay quarterly dividend but can't forecast annual payout
Jenny Ruth
At the same time as most companies are cancelling or not declaring dividends because of the impact of the coronavirus crisis, Property for Industry says its balance sheet and cash flow are in a strong enough position for it to continue paying dividends. The industrial property investor said it will pay a first quarter dividend of 1.8 cents per share on May 26 to those on the register on May 15. "As previously announced, it is our current intention to continue to pay dividends on a quarterly basis to the extent that the company is in a fin...

More Property

Company behind 120-unit QT development faces liquidation
Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024