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
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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 subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Subscribe Now
Monthly Premium Online Subscription
NZ$49.95 / monthly
Subscribe Now
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Subscribe Now
Yearly Premium Online Subscription
NZ$499.00 / yearly
Subscribe Now
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly
credit card debit
Subscribe Now
Yearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Subscribe Now
Individual
Group membership
NBR Marketplace
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Will Mace
Tue, 25 May 2021
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
