Precinct affirms dividend guidance

Fri, 12 Jun 2020

Precinct Properties New Zealand is paying a third quarter dividend of 1.575 cents today and is confident it will meet its full year dividend guidance of 6.3 cents, up 5 percent on 2019. In its latest market update, the inner-city A-grade commercial office specialist said while there had been challenges resulting from the covid-19 pandemic, its "high quality client base, high occupancy and long term weighted average lease term" gives the board enough confidence to stick with guidance. This week the company opened its long awaited Commerci...

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