By Chris Hutching
Friday 31st March 2000
|Text too small?|
Last week Tourism Holdings and The Warehouse announced early dividend payments and more companies were expected to follow suit.
Skyline Enterprises chairman and Queenstown accountant Barry Thomas announced on Wednesday a $2.5 million payout equating to 10c a share fully imputed.
An interim dividend is an unusual move for Skyline which usually reports annually in May to its 650 shareholders.
Skyline is also going ahead with a fully imputed bonus issue of shares on the basis of one for every three held to be issued on March 29 to all shareholders on the registry at 5pm March 24.
The company's performance last year provided a $6.6 million after-tax surplus and a dividend of 28% fully imputed requiring $3.5 million.
Mr Thomas said trading in Skyline's tourist attractions over the recent summer had been good and so had the returns from its Christchurch and Otago casino investments.
Some other companies have been too slow to close off their registers to get in before the tax hike, which is bound to disappoint shareholders who earn over the $60,000 threshold at which Dr Cullen's higher tax takes effect.
Economists predict a short-term effect on consumer spending may become apparent in coming days or weeks.
No comments yet
Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes
NZ dollar gains as dovish Fed comments point to 50-bps US cut
19th July 2019 Morning Report
RBNZ says no change in approach on Resolution Life's AMP purchase
MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue
NZ dollar mixed after strong Australian employment data
Energy efficiency key to lowering cost of renewables push - EECA
Paper recycling costs rising 35% as export markets collapse