Tower shares up on $30m buyback, dividend expected again in 2022
"We're not in the business of sitting on cash," CEO says.
Tower shares rose 7% today after the company announced it would launch a $30.4 million compulsory share buyback and signalled it would pay more dividends next year following a long hiatus.
The NZX-listed insurer said today its net profit after tax was up 72% to $19.3m in the year ended September
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