Vector caps dividends after ComCom caps revenue
Vector’s updated policy puts brakes on dividend growth, reports profit slide.
Vector reported a net profit after tax of $80.5 million in its half-year results, down $2.8mn on the previous year.
The company said the decline was driven by devalued assets, offset by increased capital investment and lower interest rates.
Shareholders received a dividend of 8.25c per share
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