Ryman hikes dividend as annual earnings grow on wider development margin

Thu, 23 May 2019

By Paul McBeth May 24 (BusinessDesk) - Ryman Healthcare will pay a bigger return to shareholders after chalking up another record earnings result on wider development margins, despite slowing sales. The country's biggest listed retirement village operator will pay annual dividends of 22.7 cents per share, up from 20.4 cents a year earlier, matching a 12 percent increase in underlying earnings to $227 million from $203.5 million. The result was in line with its November guidance for earnings to be $223-238 million. The growth was due...

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