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Full year result delivers increased dividend
Full year result delivers increased dividend
14 August 2017
Following a year that included the North Canterbury
earthquake, the completion of a number of significant
capacity-related projects and strong volume growth, the
Directors of Freightways are pleased to announce an
increased dividend for the 2017 year and provide a positive
outlook for the 2018 year
ahead.
The Directors have
declared a final dividend of 14.75 cents per share, fully
imputed at a tax rate of 28%, being a 2% increase above the
final dividend of 14.5 cents per share for the prior
comparative period (pcp). This represents a payout of
approximately $22.9 million, compared with $22.5 million for
the pcp.
The strength of the underlying volume growth
and margins in the express package & business mail division
and the performance of a number of our information
management businesses all helped deliver this result, says
Managing Director Dean Bracewell.
http://img.scoop.co.nz/media/pdfs/1708/Final_FRE_Media_Release_FY17_110817.pdf
ends
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