Tenon announces first dividend in 17 years after trebling annual profit

Sun, 30 Aug 2015

By Suze Metherell Aug. 31 (BusinessDesk) - Tenon, whose locally produced wood mouldings are sold in the US, announced its first dividend in 17 years after it trebled annual profit as a rebound in the US housing market and a decline in the kiwi dollar against the greenback boosted earnings. The Taupo-based firm will pay a 5 cents per share final dividend on Nov. 6, with an Oct. 30 record date, the first dividend the company has paid since April 1998. Tenon flagged in February it would return to paying dividends in 2016, but in today's ann...

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