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Ryman still grappling with debt perceptions amid covid woes

Jenny Ruth
Wed, 24 Nov 2021

Ryman still grappling with debt perceptions amid covid woes
Covid has slowed Ryman's construction plans and sales. (Image: supplied)
Jenny Ruth
Wed, 24 Nov 2021
Ryman Healthcare's aversion to asking shareholders for any more capital has become such a binding part of its own mythology that it should come as no surprise that it has decided to cut its dividend instead.On Friday, the company announced it would pay out between 30% and 50% of underlying profits from now on, down from the previous policy of paying out half.It appears obvious even this concession to help address its high gearing was reluctant.While it held this year's first-half dividend steady at 8.8 cents per share, at a total of $44...

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