Hellaby to continue to pay out more in dividends than it earns
By holding its dividend steady, Hellaby Holdings' board wants to signal that the low level of work at Contract Resources is abnormal. With special feature audio.
Jenny Ruth Tue, 31 May 2016
Hellaby Holdings [NZX: HBY] plans to again pay out more in dividends than it earns in the year ending June as the work gained by its Contract Resources division continues to disappoint.
The lack of work at Contract Resources is the major reason Hellaby has had to downgrade last August’s forecast
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