Argosy's previous directors had been paying unsustainable dividends.
Returning and older Kiwis are seeing the benefits of buying into smaller lock and leave homes, though developers are also catering for those keen on the top floor.
Bunnings has caught the regulator's attention for its lowest prices guarantee.
Argosy expects the current year's dividends will be 6.55 cents per share, up from 6.45c the previous year.
Infrastructure Editor
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articles by Oliver