Shareholders’ Association gives NZME special dividend a tick
But retail shareholders were disadvantaged by share buyback, it says.
NZSA chief executive Oliver Mander.
The New Zealand Shareholders’ Association is favourably disposed to listed media company NZME’s intention to pay out a special dividend, saying it was fairer to retail investors than a share buyback.
NZME said this morning it would be offloading capital in July by way of a special dividend of 5c
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