A robust year-end balance sheet has given the Board confidence to issue dividend payments with an 5.6 cents per share final dividend, payable on 30 June 2022 to shareholders on the register at 20 June 2022.
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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