Sky TV makes $124.5 mln special dividend to distribute tax credits

Wed, 28 Nov 2012

Nov. 29 (BusinessDesk) - Sky Network Television, whose long-standing cornerstone shareholder Todd Communications exited this month, will pay a $124.5 million special dividend to shareholders to share its tax credits with investors. The Auckland-based company will make a special dividend of 32 cents per share with a record date on Dec. 13 and payment on Dec. 19, it said in a statement. Last year Sky TV paid a special dividend of 25 cents per share. The payment was being made after the company was left with $44 million in tax credits having...

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