Arvida cuts dividend to reinvest capital in greenfields pipeline
Mark Wells will take CFO role from July 3 as Jeremy Nicoll steps up to CEO spot.
Will Mace Tue, 25 May 2021
Arvida Group is reducing the level of its dividend payout ratio in order to retain capital to reinvest into new greenfields projects, with the aim of building its pipeline back up to 1800 beds or units in the next 18 months.
The ratio is being reduced from between 50-70% of underlying profit to
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
