USX: Rangatira Investments reports Total Shareholder Return of 21.2% for the year

Rangatira is pleased to report a Total Shareholder Return of 21.2% for the full year. This figure includes both dividend distribution and increase in net asset value. Directors have assessed the net asset value per share at 31 March 2018 to be $15.07, an increase of 16% over the $12.99 per share last year.

Rangatira declared a final fully imputed dividend of 36 cents, making the total dividend for the year 60 cents an increase of 11% over last year. The dividend will be paid on 18th June 2018 and the share register will close for dividend purposes on 8th June 2017.

Rangatira’s Chair David Pilkington says the good return was driven by higher returns across a number of investments. 

For information, see here.

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June 25th Morning Report