Westfield NZ boosts dividend payment to Australian shopping mall owners

Tue, 11 Jun 2013

By Tina Morrison June 11 (BusinessDesk) – Westfield NZ Holdings, which owns nine shopping centres in New Zealand worth $2.8 billion, increased its dividend to its Australian owners by about two thirds last year after selling three properties and gaining tax benefits. Westfield paid $97.6 million in dividends in the year ended Dec. 31, 2012, according to the company’s financial statements. That’s an increase of 64 percent from the $59.6 million dividend paid for the 14 months to Dec. 31, 2011, the statements show. Westfield NZ, the local uni...

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