Bancorp Wealth Management New Zealand Ltd.
Bancorp Wealth Management New Zealand Limited: DIVIDEND of NZD 2.5 cents
DGAP-News: Bancorp Wealth Management New Zealand Limited / Key word(s): Dividend
BANCORP FINAL DIVIDEND of NZD 2.5 cents Auckland, 9.9.2015: The directors of private and investment banking group, Bancorp Wealth Management New Zealand Limited (Bancorp), has paid a final year-end dividend of NZD2.5 cents per share. Bancorp Managing Director, Craig Brownie, stated that in line with previous years the directors were comfortable maintaining the dividend policy. “We are still reserving cash from the sale of Auckland Airbus for the growth of existing businesses but consider that we have the capital base to grow whilst maintaining the dividend payments to shareholders.” Mr Brownie said he expects the year end audited account to be completed by the end of October. “We do not expect the 2015 result to be as good as 2014. The sale of the Auckland Airbus business has significantly increased our capital reserves but has also reduced our current year earnings by around half.” The final dividend of NZ2.5 cents per share was paid on Friday 4 September 2015. This, combined with the interim dividend of NZ2.5 cents per share, provides a total gross return of 5.0 cents per share for the financial year ended 30 June 2015. Board of Directors For further information go to: www.bancorp.co.nz About Bancorp 2015-09-09 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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