UPDATE: Paymark boosts dividend to $9.4 million

Tue, 16 Aug 2016

(Clarifies timing of dividend payments in headline, lead and 4th paragraph, adds comment from Retail NZ in 5th paragraph) By Edwin Mitson Aug. 16 (BusinessDesk) - Paymark, the eftpos terminal provider owned by New Zealand's four major banks, increased its dividend by 56 percent to $9.4 million from $6 million a year earlier. The company is owned by ANZ Bank New Zealand, ASB Bank, BNZ Investments and Westpac NZ. In February of this year, the shareholding banks appointed Cameron Partners to conduct a strategic review of the business afte...

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