Arvida update gives shareholders heart
The higher gross dividend yield is more a result of the shares trading at a discount to asset backing.
Shareholders gave Arvida [NZX: ARV] a tick of approval this week after a development update.
Grant Davies of sharebrokers Hamilton Hindin Greene says the update from the NZX-listed retirement company was viewed positively by shareholders who have seen the share price trade at a discount to asset
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Chris Hutching
Fri, 19 Feb 2016
Fri, 19 Feb 2016
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Arvida update gives shareholders heart
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