SkyCity projects to lift dividend

By Victoria Young | Thu, 13 Feb 2020


SkyCity won’t look at raising its dividend until two major projects; its A$330 million Adelaide expansion and the international convention centre in Auckland, are up and delivering, the casino operator said today. The firm's underlying earnings have declined this year, although its reported profit shot up due to the accounting treatment of a fire at the convention centre last year and a one-off sale of an Auckland car park.The board declared a final dividend of 10 cents per share, with a record date of Feb. 28 for payment on March 13. The...